Word: loans
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...Kimball, now 58, was unconcerned. "I had never had a problem finding work," he recalls. But times had changed. He struggled to land a decent job, and the stress contributed to a heart condition that required surgery. Finally, a mortgage firm that had turned down Kimball for a loan-officer opening asked him to manage its website. He jumped at the offer. His new annual salary...
...more than $750,000 in the year following his resignation. Of that amount, he earned a base salary of $200,000 as president emeritus. The remaining $533,018—filed as an “expense account and other allowances”—subsidized moving expenses, loan payments and forgiveness, a retirement payment and “gifts in honor of service...
...worth of medicine. At his pine-board house on a hillside in Guangxi, he lays out five precious pill bottles and points out a Mao Zedong calendar with an "X" over each day he's taken the drugs, which are quickly running out. He's already drawn a $60 loan from the bank to pay for pills, seed and fertilizer, but is too weak to work his fields. With his parents, wife and five-year-old son to support, he has no idea how he can pay for another six-month supply of medicine. "I just don't have...
...local Foreign Affairs Office, where 16 officials representing every department from the local public-security bureau to the local propaganda office had gathered. After the drinking marathon proved ineffective, they took us to a conference room for formal interrogation. The procedure was videotaped, with a woman on loan from the local TV station holding a microphone. After much apologizing for having entered Yuhuan county without contacting local authorities?a breach of etiquette for foreign journalists?I was finally ready to write the "self-criticism" statement required of me. In it, I was obliged to promise "not to disclose any information...
...confused about what a credit union is, you're not alone. The institutions, which date to the mid-1800s, took off during the Great Depression as not-for-profit, tax-exempt organizations through which workers in a company could pool their savings to qualify for loans for cars and other big-ticket items. About 10,000 exist today. The Navy's is the nation's largest, with 1.25 million members, while some have fewer than 500 members. Roughly 60% of credit unions are federally chartered (the rest have state charters) and supervised by the National Credit Union Administration. Nearly...