Word: fallen
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With Wall Street powerhouse Salomon Brothers enmeshed in scandal, the forthcoming screen version of Liar's Poker, Michael Lewis' best-selling account of life at the firm, is a hot ticket. Cameras are expected to roll next spring. But who will play fallen Salomon chairman John Gutfreund? Word is that MARLON BRANDO is being considered for the tough, cigar-chomping role, and James Spader for the freshman trainee based on Lewis. Warner Bros. says it's too early to tell who'll get the casting call...
...fewer foreigners there now than before unification. Despite the influx of people seeking asylum, the east has seen the departure of most of the roughly 191,000 guest workers and students from the communist bloc and the Third World, and the number of foreigners in the region has fallen below 30,000. Nonetheless, with unemployment and underemployment at 28% in the east, food costs multiplying and rents more than quadrupling, many Germans see asylum seekers as a threat to economic security...
...prime rate, which is what banks charge their best corporate customers, has declined 2 full percentage points, to 8%. Many consumers have benefited too. Mortgage rates, down 1.4 points from last year, have dropped below 9% for the first time in 14 years. Rates on new-car loans have fallen less, about 1 point, to an average...
...cost of personal credit defies gravity. In the past year, the average rate on unsecured personal loans has fallen only one-third of a point, to 17.1%. And the rate on credit cards has actually edged upward one-fifth of a point, to an average 18.9%. Since 1988, the rate has increased nearly a full percentage point. Many consumer groups and financial analysts contend that banks are keeping rates high to help offset loan losses in such other businesses as real estate and leveraged buyouts. Credit cards are the most profitable line of business for most banks, earning three...
Last fall, approximately 126 students studied out of residence for credit, according to OCS. This fall, however, that number has fallen nearly 32 percent. So far, OCS knows of only 86 students studying away from Harvard...