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Green Tree represents the rapier edge of a red-hot specialty: the business of making loans to people with damaged credit at interest rates that start at high and extend to very high and nosebleed. Depending on where you sit--whether you are the lender or the borrower--this is either an industry filling an underserved market, or legal usury. Often known as sub-prime finance, the sector is taking off in part because of sophisticated software that allows even onetime deadbeats to get loans approved in minutes over the phone or as they sit in the offices of mortgage...

Author: /time Magazine | Title: SUB-PRIME TIME | 11/4/1996 | See Source »

...that sees a political opportunity in this open seat. Wilson promises to continue Bevill's dedication to development of Alabama's natural resources. (The Congressman's seniority brought money for roads and economic development into the district.) And like his opponent, Wilson emphasizes family values, which he hopes will extend to the old-style Southern political family of the Fourth District, which has had a Democrat in Congress for 94 years this century...

Author: /time Magazine | Title: A GUIDE TO THE CONGRESSIONAL RACES: ALABAMA | 11/4/1996 | See Source »

...campaign proposed a transfer tax on the sale of large buildings to fund a subsidy program and extend it to more tenants...

Author: By Georgia N. Alexakis, | Title: City Considers Protection of Rent | 10/29/1996 | See Source »

After allowing Brown to extend to an early 6-3 lead, Harvard had to battle back in order to just tie the score...

Author: By Rebecca A. Blaeser, | Title: Final Straw for M. Water Polo | 10/29/1996 | See Source »

Kremlin sources do claim, however, that Lebed has in recent weeks tried to extend his control over the country's security and military structures. And they were clearly unnerved last week when Lebed denounced the Defense Ministry's intention to reduce the size of the airborne forces, including some of Russia's last remaining elite troops. Lebed, a former airborne officer, railed against Defense Minister Igor Rodionov's planned cuts. They were "criminal," he said, thus bringing into the open a monthlong rift with his one-time protege in the Defense Ministry. A senior airborne officer also spoke out against...

Author: /time Magazine | Title: RUSSIA: WHY LEBED GOT BOOTED | 10/28/1996 | See Source »

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