Word: loan
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...background to this story is that Media Most previously reached a deal with the government-controlled gas company, Gazprom, to repay a large loan by giving Gazprom a 49 percent stake in Media Most. They were supposed to turn a further 25 percent plus one share to a third investor, which would be sought through Deutsche Bank. The idea was that neither Gazprom, nor the current owners of Media Most, nor this third investor would have a controlling share...
...fact, the average Pell Grant, adjusted for inflation, has not increased at all in ten years. Federal student aid, which 20 years ago was a grants-based system, is now a loan-based system. Pell Grants today account for only 10.7 percent of all student aid, while federal students loans comprise 51.4 percent. The end result of this policy is that students graduating with four-year degrees bear an average debt of $19,000, not including what their parents owe. Students finishing graduate school are even deeper in debt...
...invasion of Kuwait. And that one was among the shortest and shallowest slumps of the postwar period. We haven't had a major recession since the early 1980s. The upshot is that a whole generation of bankers and stockbrokers has come of age never having seen a bad loan or a bear market...
Another opportunity may exist for those in a mortgage just over the break point between so-called conforming and jumbo loans. In 2000 the break point was a loan value of $252,700. It just rose to $275,000 for 2001. You may have a chance to refinance out of the more costly jumbo into a conforming mortgage. For rates and options, check out hsh.com eloan.com and bankrate.com...
...nuptials of MADONNA and director GUY RITCHIE at Skibo, a 13th century Scottish castle, have nevertheless made their inexorable entrance into the public conversation. The bride, 42, wore a dress designed by maid of honor Stella McCartney, an antique veil and a 37-carat diamond-cross necklace on loan from Harry Winston; the groom, 32, sported a kilt, as did the couple's four-month-old son ROCCO. Among the 60 or so invitees were some famous people (Gwyneth Paltrow, Sting) and some people famous for knowing famous people (Debi Mazar, Trudie Styler). After dinner, an imported Miami deejay spun...