Word: debts
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Dates: during 1990-1999
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...This can mean using coupons at the supermarket, eating dinner at home instead of going to a restaurant, and buying some clothes at thrift shops, says Marc Eisenson, co-author of the new financial-management guide Invest in Yourself (John Wiley & Sons; $22.95). This also means cutting back on debt by paying off mortgages, winding down car payments and paying off credit-card bills. "The less debt you have, the more freedom you have," Eisenson says. "You don't have to earn the maximum amount of money if your overall expenses have been lowered...
...According to Tommy Ong of the New York police intelligence division, the sleazy employment agencies under the Manhattan Bridge that specialize in placing illegal immigrants in jobs around the country often misrepresent and oversell the type of work available. When workers return and can't pay off their immigration debt, the gangsters (or "snakeheads") offer them a deal. The illegals describe their ex-employers' operation and return with shotguns and masks to rob the place with members of the gang. The debt is then canceled. "Local police are usually stumped, but we know exactly what happens," says...
...many recent graduates are not quite soblithe about the burden of loan debt...
...according to William Wright-Swadel,director of the Office of Career Services (OCS),that loan debt affects the career plans of manyCollege graduates...
...want the extra debt," says Cai, whosees graduate school in his post-Harvard future."Work fits into my schedule now, so I'm going towork."A-8PACKAGETricia MorenteCrimsonCHRISTA M. FRANKLIN, '98-'99, and WILLIAM W.CAI...