Word: laughlin
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Even before the St Germain report, small businessmen across the U.S. were skeptical that the prime was really the best rate available. Snaps Robert Laughlin, a Portland, Ore., food-equipment distributor: "The prostituted prime is nothing but greediness on the part of large banks." Attorney Jackie Kleiner has filed suit against the First National Bank of Atlanta, alleging that it uses an artificial prime to discriminate among borrowers. Says Kleiner: "The prime rate is supposed to be the bank's cost of obtaining money, plus a small profit. But it turns out that the profits are obscene...
Massachusetts is already encouraging solar energy use in Boston, Buz Laughlin of the Massachusetts Energy Resources Office said this week. "We believe that if it is cost-effective, it should be done. We're doing everything possible to encourage energy efficiency...
...Laughlin mentioned the state's 35-per-cent tax credit for solar energy users as an example of its support for solar energy development...
...television program "Sixty Minutes" this fall questioned a laid-off worker from the Jones and Laughlin Steel plant about the worsening situation: "I'm not worried about me, no, things are alright here. We've still got the Steelers." To a man who thinks like that, and Pittsburgh there are many, the Steeler's loss last Thursday was not just a football game, it was an event that has broken the heart of the city...
...crew moved really well," number-five Tory Laughlin, who returned from retirement to replace captain Anne Benton, said...