Word: loaning
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...turned out to be a costly trip. A few months after she launched the first Body Shop, Anita decided to open a second store in Chichester. She asked her bank for an $8,000 loan but got turned down. Then a friend introduced her to a local gas-station owner named Ian McGlinn, who was prepared to invest the full amount in return for a half share in the business. Anita wrote Gordon for advice, but by the time his reply reached England, urging her not to sign over half the business, the deal had been struck. McGlinn...
Riina's errors were all the more damaging because of a hardening public sentiment toward corruption. Unlike the U.S. Mafia, which makes most of its money through criminal activities like drug smuggling, loan-sharking, prostitution and gambling, the Italian Mob has gained most of its income by siphoning off public funds through rigged contracts, faked repairs and padded expenses for government projects...
...Greed is good" goes the line from the film Wall Street. For Charles Keating Jr., the former head of the failed Lincoln Savings & Loan, greed could be good for over 500 years in jail and $250 million in penalties. Keating was found guilty of racketeering and fraud by a federal jury. Meanwhile, imprisoned junk-bond king Michael Milken was released to a halfway house...
...time when exploiting presidential connections has meant everything from Billy Beer to serving on the board of a savings and loan, Roger has to figure out more than ever how to avoid becoming the family's buffoonish freeloader. It seemed benign for him to be employed by his brother's friends, television producers Harry Thomason and Linda Bloodworth-Thomason, working on the set of Designing Women and warming up the studio audience with his band. But now Coke and Pepsi are talking about the possibility of endorsements; on a Los Angeles radio show last month, he was asked to answer...
...Goyettes have a fallback. Last March they bought a two-bedroom house in Chicago for $145,000, thanks to a $25,000 loan from their parents. "To save up $30,000 in six years out of college is damn near impossible, especially if you're just Joe-average Citibank employee like me," says Paul. With a baby due in May, they're bracing for a pay cut. "Fortunately, all the baby stuff will come from our parents, since this is the first grandchild," says Paul. Even so, he's not entirely comfortable with the arrangement. He says, "If we depend...