Word: firm
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Come June, hordes of Harvard students and recent graduates will descend upon New York City. Their reasons for settling there will vary widely. Those ambitious pre-bankers who hope to land that coveted position at [insert financial firm with head above water here] will gleefully devote 90-hour weeks to their firms, returning to their apartments only to shower and sleeping under their desks for approximately 90 minutes per 24 hours. Budding musicians and aspiring journalists will set up camp in Williamsburg or at NYU housing, hoping to work up enough hipster cred to create a cleverly named tumblr that...
...Clinton, the challenge of raising money to pay off those last bills is made all the more difficult by the fact that the only creditor she has left is the firm of Mark Penn, the controversial political consultant who came up with her widely panned pseudo-incumbency campaign strategy. In an election year when voters were looking for freshness and change, that may have been the biggest of all the mistakes Clinton made. A quarterly filing that Clinton's campaign made late Wednesday with the FEC showed that it remains $2,307,740.82 in debt to Penn, Schoen & Berland Associates...
...surprisingly, many Clinton allies are decidedly unsympathetic to Penn's situation. Fumes one: "He should have to eat it." But it isn't that simple. The money is owed not to Penn personally but to his company, which is a subsidiary of the worldwide public relations and advertising firm WPP Group, based in London. The bills the Clinton campaign ran up included $5 million for the polling that apparently failed to pick up on the public mood. And then there was the cost of sending out 20 million pieces of direct mail, with postage alone reaching $8 million, according...
...They're not paying Mark Penn; they're paying the shareholders of WPP," says WPP executive vice president Howard Paster, who ran the Office of Legislative Affairs in Bill Clinton's White House. And as long as Hillary Clinton continues to show an ability to pay them off, the firm does not have the option of simply forgiving the debt, Paster insists. If it did, its lawyers say, that could be an illegal in-kind contribution under federal election...
Obscure La Reforma, as a result, could become a more high-profile focus. Federal officials tell TIME they're investigating one of La Reforma's most prominent families, the Lorenzanas, who own a construction company, vast cattle-ranching tracts and an agricultural export firm that partners with U.S. companies to ship melons. One of the Lorenzana brothers, Waldemar, was arrested last December for alleged weapons possession but was released soon after without being charged. A Lorenzana representative did not respond to TIME's attempts to contact the family. But last year, Waldemar wrote a letter to a Guatemala newspaper denying...