Word: debts
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Dates: during 1990-1999
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...officers to learn why her monthly house payment rose from $592 to $616, even though interest rates are falling; the answer was higher insurance fees and taxes. After that she socks away $150 every other month into a mutual fund, while trying to erase $14,000 in credit-card debt by next year. Bob Dole's 15% tax cut would help, but she doubts it will ever happen. "That's probably what I would say if I were running for President...
Lori is sitting in the cafe at Schnucks Markets' 24-hour Super Center, talking about what scares her. Like the national debt. "It's in the trillions, right? I barely know how to write that number." Then there's Social Security, the issue that hits her each Friday when she does RPM's payroll. "Every week it gets taken out of my paycheck, and will I ever get it back? Then I do the books, and I see it deducted from the payroll, and I think, Someone else is using my money." Glancing across the restaurant to a pair...
...Pacific Lumber, the redwoods' owner. Hurwitz visited PL's Scotia, California, mill, and told workers he believed in the golden rule: "He who has the gold, rules." Then he drained $55 million from PL's $93 million pension fund, and cranked up the timber cut to pay off his debt. A redwood 300 ft. high and 18 ft. in diameter can bring $200,000 as a sawlog...
Spend a few minutes analyzing Hurwitz and it's easy to see why he doesn't care. As it happens, he is neck deep in U.S. claims resulting from the $1.6 billion collapse of a Texas savings and loan he controlled. There was talk of a "debt-for-nature" swap involving Hurwitz' redwoods and the litigation, but banking regulators wouldn...
MOSCOW: Just a day after rumors of his death sent financial markets plunging, Russian President Boris Yeltsin released a statement designed to show the nation he is running the show. Thursday, the feisty leader accused large companies of contributing to Russia's looming debt crisis by dodging their taxes. On Friday, he intends to broadcast the second of his radio talks, explaining what measures the government will take to up its income. Yeltsin is reacting to unprecedented shortfalls which have pushed the Finance Ministry to cut expenditures and borrow more money just to keep the government functioning. Tax evasion...