Word: loaning
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...bankrupt cruise company, its half-finished ships and taxpayers left holding the bill don't spell opportunity to you, you're just not ready for Capitol Hill. A $1.1 billion federal loan guarantee was pushed through Congress in 1999 to help American Classic Voyages build cruise ships in Senator Trent Lott's hometown of Pascagoula, Miss. The company hit the rocks last fall, citing a decline in tourism due to terrorism and leaving its debts unpaid and its ships at the dock. Republican Congressman Gene Taylor of Mississippi came up with a plan to solve this pork-barrel mess: more...
...inaction. It was Congress that spiked Arthur Levitt's crusade to separate accounting from consulting two years ago, Congress that keeps passing the impenetrable tax laws Ken Lay so deftly danced upon. Congress that leaves accounting and disclosure loopholes big enough for Lay to pay back a billion-dollar loan in stock without telling anybody and employ the kind of "creative and aggressive" practices that deluded so many for so long...
...figures that perhaps 20% of its customers do not have bank accounts. It is trying to work its way around U.S. banking regulations that currently forbid entities such as retailers from running banks. That's where partner TD comes in. Who knows? Maybe K Mart will apply for a loan...
...president of Chicago-based APCOA/Standard, says his garage-management firm began offering Books-to-Go services in 1998, then Film-to-Go in 1999, and now offers varying amenities at about 900 of the 2,000 facilities it operates nationwide. Among them are video- and audiotape rentals, umbrellas for loan on rainy days, windshield cleaning and special auto-repair arrangements. Their newest amenity is a Little Parkers program that gives toys like coloring books and bubble bottles to monthly commuters with children...
...with any purchase, you will get the best deal by shopping around. Don't just read the ads in your local paper, Gumbinger cautions. Smaller institutions such as credit unions and savings and loan associations often have the best rates, in part because they don't spend much on advertising and instead rely on word of mouth to bring customers to their doors. In Albany, N.Y., for example, megabank Fleet Boston is offering a rate of prime plus 1.25%, while tiny Troy Savings is offering prime minus 1% (currently 3.75%) for the first six months, then prime plus zero. Generally...