Word: loaning
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...READ OUR STORY AGREED ON WHAT SHOULD BE DONE ABOUT IT. "Why should the U.S. fund Africa's denial when the answer to stopping this disease rests in the Africans' own hands?" an Arizona reader asked. "Is there a kit for castration? I'd gladly take out a loan to finance one," fumed one of our readers in Illinois, who was outraged by a comment from a Botswana truck driver who said he used prostitutes because "I'm human. I'm a man. I have to have sex." Following up on this red flag of sexual irresponsibility, a California reader...
...able to amount to a true progressive education tax, at least not unless Harvard starts charging tuition like the IRS. Instead, higher tuition will simply crowd out the middle class, reducing the numbers of students whose families benefit most from going to a less expensive school that requires fewer loans and that allows their families to make smaller payments. (More needy students face an equal burden of loans at Harvard as they would a public school because they receive full financial aid and accept a full loan burden wherever they go, provided they receive competitive aid packages...
This boost, by decreasing the amount of money that students must contribute from work or loan programs, will give undergraduates on financial aid more flexibility and freedom. Because of the increase, financial aid students can either work less during term-time or repay fewer loans after they graduate. The new move bears many similarities to the financial aid increase in 1998, when the University also increased grants by $2,000 and exempted outside scholarships from calculations of financial need...
...Despite what you may have heard, that check is not a refund - it's an extremely high-interest loan. And according to U.S. District Court Judge Raymond Jackson, the nation's largest income-tax preparation company has been acting "maliciously, willfully and in bad faith" by advertising its Rapid Refund service to its customers, when in fact the company was simply handing out loans in the amount of the customer's tax refund. Some of those customers paid dearly for the perceived convenience of their "rapid refund," paying annual percentage rates as high as 500 percent...
...that's the irony. Even if the anti-usury activists get everything they want, many ordinary Italians will still be choking on high-interest debts. Confesercenti, an association of retailers, reckons that about 120,000 Italian shops are in the clutches of loan sharks, or strozzini-literally, stranglers. A special commission has been set up to fight the loan sharks, who make billions of dollars a year off the backs of debtors. The strozzini have thrived because of weak competition from legitimate lenders. Banks rarely allow overdrafts or unsecured loans, for example. For small businesses in particular, a loan shark...