Word: cashed
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...Still, even for cash flush traffickers, these narco-tunnels are not small undertakings. The Otay Mesa tunnel could easily have cost more than a million dollars; several hundred truckloads would have been needed to carry away the excavated soil. Covert tunneling entails more security risks that cost extra to conceal. On top of that, US officials believe they caught the latest sophisticated tunnel soon after it came online...
...Washington Shelter for Homeowners The U.S. Treasury Department announced an expansion of the Obama Administration's Making Home Affordable housing program, aimed at helping struggling homeowners manage their mortgage payments. The new provisions offer cash incentives of $500 up front and up to $250 a year--as long as the loan remains current--to lenders who are willing to reduce balances, plus $250 a year for borrowers who make payments on time. In response to complaints that the initial plan did not provide enough help to homeowners underwater on "piggyback" second mortgages, the new initiative would also cut interest rates...
...glut in resales. At the same time, the seized-up credit markets are making it difficult for developers to securitize loans they provide buyers. Defaults on time-share loans climbed to 12% in March from 8% at the end of 2008, which has spooked lenders. This means developers lack cash to lend...
...easy choice, particularly for companies in layoff mode. But executives believe the arts are a good investment, a relatively inexpensive brand polisher, as well as a community-development engine and a key in promoting a region as a good place to live and do business. So sponsorships, cash gifts, in-kind service offerings and other donations are still being given. "Companies need to market themselves ... so there's always opportunity out there," says Gail Bower, a sponsorship and marketing consultant in Philadelphia...
Darden Restaurants Inc., a firm based in Orlando, Fla., that runs nearly 1,800 Olive Gardens, Red Lobsters and other outlets, continues to dish out $100,000 in annual cash support to the local ballet, a 35-year-old outfit whose budget is under pressure. "Darden has been gold to us, absolute gold," gushes Sibille Pritchard, the Orlando Ballet's loquacious president, "when the climate for the arts is tough, very tough." Notes Darden spokesman Bob McAdam: "You can't give up on the arts. They're essential to the general welfare of the community...