Word: crediters
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...Greece's businesses, this new math is a challenge to growth. Borrowing costs are heading north, and with the country's banks in a noose because of their holdings of Greek debt, credit is tight. New projects, expansion plans and investments have been put on hold, say executives. MLS's Kamatakis, for example, admits he's had to slow down plans to expand into Western Europe. "Everything is frozen," says financier Paul Papadopoulos. "It's a wait-and-see scenario...
...surprised and disappointed that you gave no credit to W. Edwards Deming. The American statistician was responsible for helping elevate Japanese manufacturing across the board and making the Japanese car industry competitive with the Big Three, which had initially refused his ideas...
Profits from credit-card penalty fees...
...Where Credit...
Many of the credit-card changes signed into law last May by President Obama took effect Feb. 22. Some key provisions: retroactive interest-rate hikes are prohibited unless the account is more than 60 days past due, users can opt out of paying for overdraft protection, and annual or application fees cannot total more than 25% of the initial credit limit. While the changes provide more transparency for the consumer, analysts warn that banks may find loopholes for new fees to make up for lost revenue...