Word: lasting
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Dates: during 1990-1999
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...merger deal had been under discussion for two months. Finally, all the intricacies had been worked out. The last step in sealing the agreement turned out to be...a moonlight disco-dancing cruise...
...point: while the government is no longer borrowing from Social Security, it is still borrowing heavily from trust funds for Medicare, pensions for military and civilian government employees, highway building and other things. Without those nonpublic borrowings, he contended, the government ran a deficit of $127.8 billion last fiscal year, and the debt, including amounts owed by one part of the government to another, is still rising from $5.6 trillion. Other board members conceded that Hollings' numbers were correct but strongly quarreled with his interpretations. Kasich, Munnell and Secretary of the Treasury Lawrence Summers all insisted that internal-transfer payments...
...enough to keep up with the demands of their customers. Personify, founded in San Francisco in 1996, builds software that lets an e-marketer keep track of visitors to its website, what pages they look at, and how long they take to pick out something or go elsewhere. By last summer it had signed up 50 clients that were paying Personify about $6.2 million--and demanding more and different kinds of services than the company's 60 employees could supply. CEO Eileen Gittins decided the best way to get additional talented and experienced workers fast was to buy another company...
Michael Lee Davis is probably the last guy from whom you'd want to buy life insurance. True, he does have some experience in the field. Davis, a.k.a. Walter Waldhauser Jr., spent most of the 1980s in prison for hiring a hit man to wipe out a friend's family in order to get a share of their life-insurance proceeds. But after being released on parole, Davis found a new line of insurance work: a largely unregulated offshoot of the business called viaticals...
Unfortunately, viaticals have attracted con artists the way blood does leeches, and regulators are contemplating halting, or at least restricting, the practice. The problem is with folks like Davis, indicted on fraud and other charges by a Dallas County grand jury last summer. He persuaded scores of unsuspecting Texans to shell out millions on supposedly low-risk, guaranteed investments in viaticals offered by his Dallas-based company, First American Fidelity Corp. But authorities say the policies were fraudulently obtained for the express purpose of reselling them, an increasingly common practice dubbed cleansheeting. Davis allegedly solicited HIV-positive...