Word: dealerships
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...York's Long Island who is as lavish with his friends as he is with politicians. Two years ago, after downing hot dogs, hamburgers and french fries at a Beverly Hills deli, Winnick took his lunch partners--Cook and ex-Global CEO Tom Casey--to a foreign-car dealership, sources tell TIME. In roughly 30 minutes he bought a Rolls-Royce for Cook and an Aston Martin for Casey. Such generosity may be fine in the corporate world, but in the post-Enron era, politicians are finding that it comes at a price...
...calculate which to take? "It's really hard" because of the many variables involved, says Art Spinella, vice president of CNW Marketing Research in Bandon, Ore. But you can make a smart choice by getting key information before you head to the dealership...
Gary Weiss was laid off from his job at a Toyota dealership when he refused to work on Father's Day. And he tells any new employer to forget it if the hours aren't flexible. The occasional girlfriend comes and goes--and stays gone. "Too time consuming," he shrugs. But what's to regret when you can play hopscotch, stage pillow fights and attend 96 parenting classes in four years? Raising daughter Sarah, 6, is "my greatest job," he says. "I put my life on stop, and I don't regret...
...overtime pay. And their white-collar bosses aren't doing much better. Ford's 6,000 executives won't be getting any bonuses. The people who sell the cars and make most of their money from commissions are suffering much the same fate. Joe Torchia peddles Chevies at a dealership in Racine, Wis., where business was down 27% in September from the year before. So he and his wife Karen have had to cancel a wedding-anniversary trip to Las Vegas and halt a home-remodeling project...
...Mortgage rates followed, as they do, and the housing boom was on. Some consumers - in record numbers, in fact - refinanced their homes at the lower rates, freeing up spending money that apparently went straight to the mall or the auto dealership. Others simply looked at the sweet mortgage deals and simply bought a new home. Demand for housing went up, prices followed - according to the National Association of Realtors, the price of homes in metropolitan areas is up 10 percent so far this year, compared to 3.9 percent in the ?80s and ?90s - and suddenly everybody with a roof over...