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...second time this year that a Business School affiliate has been ensnared by their financial past. Visiting Professor of Business Administration Marc J. Epstein was sued in Middlesex County Court in March by a bank attempting to recover a loan he defaulted on while heading up two California investment companies. Epstein, who will remain at the school next year, now must pay the bank $13,000 a year in equal monthly installments, according to a court settlement

Author: By Joe Mathews, | Title: B-School Student Indicted | 5/19/1993 | See Source »

...your car loan. Yes! You can do this! Many Americans don't realize it, but it is actually legal to buy a car for cash. Not having to pay 10% on a car loan is as good as getting 10% -- again, risk free and tax free. And don't lease cars, either. With a lease, you're essentially borrowing the full cost...

Author: /time Magazine | Title: Money Angles: Where Else to Invest? | 5/17/1993 | See Source »

...sense to postpone the health plan if it is going to make up a large part of the budget. But many Democrats, even in the Administration, agree that Clinton is oversubscribed. And on Friday the President added one more brick to his load; a government takeover of the student-loan program, which will lower collegians' interest rate 0.5% but cost 25 billion Republican-lambastable dollars over five years...

Author: /time Magazine | Title: Leon's Lament | 5/10/1993 | See Source »

...black America, replacing the emphasis on politics, civil rights and social programs that marked the previous generation of black activists. In Los Angeles, for instance, virtually every black church and community organization now operates some sort of economic program, from economic-literacy and job-training classes to community loan funds...

Author: /time Magazine | Title: The Gospel of Equity | 5/10/1993 | See Source »

Last December, with a similar $1 million grant from the Walt Disney Co., the city's First African Methodist Episcopal Church launched a Renaissance Program of 20 entrepreneurial projects. Among them: a loan plan that the church's pastor, the Rev. Cecil Murray, says will renovate 35 existing black businesses in Los Angeles, start up 35 new ones and employ 350 people. "Spiritual development cannot take place without economic development," Murray says of the church's economic gospel. Says Danny Bakewell: "It has to be an active principle. It is not something that you can just talk about on Sunday...

Author: /time Magazine | Title: The Gospel of Equity | 5/10/1993 | See Source »

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