Word: issuers
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...assert that were such a threat posed by Senator Helms against an ACT-UP member, it would have been reported in a manner far more damaging to the issuer of such garbage than your portrayal of the ACT-UP meeting was damning to that group...
...Soviet Union has one of the world's largest economies, but it operates on a simple principle: pay as you go. Soon, though, some Soviet denizens may utter the Russian equivalent of that time-honored phrase, "Charge it!" Visa International, the world's No. 1 credit-card issuer, last week won the right to offer the Soviet Union's first credit cards...
...gold the interest every year and the face value in full in 1995. While the 1895 price of gold was $20.67 per oz., the precious metal closed in New York last week at $511. For decades the Atchison, Topeka & Santa Fe Railway, the largest remaining ingot bond issuer, dutifully made 2% semiannual interest payments in gold coin. But in 1933, Congress struck the gold clause and restricted the bonds' interest and principal payments to cash...
...lure of the card business, and the reason that the newcomers are prepared to sell checks without a fee, lies in the "float"-all that money from checks that have been bought but not yet cashed. The check issuer has free use of the funds. Thus American Express's pitchman, Karl Maiden, urges returning vacationers to keep their unspent checks in their pockets as "emergency money"-and his campaign is working nicely. Although no firm returns are in yet on the Maiden campaign, American Express studies indicate that people already keep approximately $1 billion in cash stashed away...
...customs of foreign markets. In any case, they have found a way around the problem: the credit agencies are willing to conduct secret investigations of would-be foreign borrowers. If the bonds get the coveted triple-A rating that overseas borrowers still need to raise U.S. money easily, the issuer proudly lets the results be published; if not, it usually simply decides not to sell the bonds, and no one ever learns that it was investigated, let alone that its credit standing was considered less than tiptop. Many American investment institutions are banned by law from buying foreign bonds that...