Word: limiters
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Dates: during 1990-1999
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...rappers' multiplatinum recordings celebrate gunfights, misogyny and the crack trade. And their transfer to Baton Rouge, as noted in the latest issue of the New Republic, is a corporate decision by Master P, 29, ne Percy Miller. The Louisiana native moved his No Limit Records from locations in Los Angeles and New Orleans last year and is building a large recording studio. No Limit is the nation's top-grossing rap label, with more than $200 million in revenues, and Master P runs a multifaceted empire that dabbles in everything from toys to film to travel. The $56.5 million...
...however, they have been denied membership at the golf club at the Country Club of Louisiana. The reason? "It's just plain racism," says No Limit's general counsel, Edwin Hawkins. "What other reason could it be?" (The golf club has other African-American members.) Hawkins says the chilly reception has extended to everything from the "300% premiums" they are being charged to build their new recording studio to a flurry of business-related lawsuits against them. "We don't feel," he says, "that we have been received as citizens of the community...
...within his purview to raise margin requirements above the current 50%. However, that might tick off Wall Street, which earns more than 8% interest on margin loans. (Brokers are free to raise requirements on their own, and some have.) No Fed chairman since 1974 has moved to lift the limit. Individual investors--and not just day traders--also share part of the blame. Intoxicated by the hot market, many have abandoned all fear of losing money...
...February. "We did not make cash payments. We did not give outrageous gifts." And in a June report to the House Commerce Committee investigating violations of federal bribery laws in Olympic bids, Payne and former Atlanta mayor Andrew Young attested to only 38 items exceeding the $200-per-gift limit...
...number of people needing this kind of help may be about to shoot up, goes this argument. That's because the time limit set by the 1996 act will soon kick in. It requires that those who have received benefits for five years be cut off from welfare for the rest of their lives. The act allows states to exempt as many as 20% of cases from the five-year limit--but that may not be enough to cover a state's entire hardest-to-place population...