Word: loan
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Sure, the days of the dotcom billionaires are now past, but that doesn't mean you can't start or buy your own business. Get a bank loan and open a franchise restaurant in your home town. Find some cheap, nostalgic piece of clothing you can have mass-produced in Asia, then take out a sumptuously-worded romantic ad in The New Yorker and sell the things for an 800 percent markup (if you think I'm kidding, that's how the J. Peterman catalog was started). Or, best of all, find a couple of electrical engineers who have...
...Board of Trustees at Princeton have voted to replace all loan offerings to undergraduates with grants. Apart from the service academies, Princeton is possibly the first American university to guarantee that undergraduate financial aid recipients will not be required to borrow to help pay for college. Princeton took a proactive step against a national trend in which loans make up an increasing proportion of financial aid packages. Loans account for 60 percent of all student aid, and those forced to take out loans throughout their four years of college will graduate this year with average debt between...
...mastermind of Labour's landslide 1997 election victory, after allegations that he had improperly intervened to help secure a passport for controversial Indian businessman, Srichand Hinduja; in London. Mandelson's second resignation from the cabinet in two years -- in December 1998 he quit over a secret real estate loan from a wealthy fellow minister -- looks certain to end his political career, and is a blow to Blair coming shortly before the next general election, which is expected...
...increase per student per semester worked for a while, but we are trying to reduce loan money," said Andrew Tiedermann, communications director of the University Development Office...
...almost identical circumstances. Last time, it involved a personal loan he'd made, and it wasn't the loan itself but the fact that he didn't tell anyone and had appeared to lie about it when first challenged that proved his undoing. This time, too, if he'd answered frankly when first confronted, his actions might have looked a little unseemly but they probably would not have forced his resignation. By not leveling with the public right away, he sealed his fate...