Word: lumped
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Dates: during 1990-1999
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Another unusual source: the unemployment office. In an adventurous experiment, the states of Massachusetts and Washington are letting the jobless use their unemployment benefits as startup capital. Instead of paying the participants the usual biweekly unemployment checks for six months, Washington State gives them one lump sum. In its Self-Employment and Enterprise Development project, 450 jobless workers since 1989 have collected lump-sum payments averaging $4,200. Among the SEED startups: a plumbing business, a money-management firm, a landscaping company and a tanning salon. Ronald Wilmoth, 43, used his $7,000 check as part of his financing...
...Massachusetts Enterprise Project, which began last year, differs slightly. Rather than issuing lump-sum payments, MEP gave participants regular unemployment checks for 24 weeks. It also offered 10 weeks of small-business instruction and financing at MEP's partner bank, Shawmut. So far, Shawmut has provided $165,000 in loans for such ventures as a catering service, a photography studio and a billiard hall. James O'Neill, who lost his $55,000-a- year job as a plant manager in August 1990, launched a worker's compensation consulting firm based in Westfield. "There was a period of doubt," he recalls...
Contrary to de Silva's allegations, we did not "submit multiple applications in the hope of obtaining more money that if [we] were to request a single, lump-sum grant." As we told de Silva during phone interviews prior to publication of this article, we have always submitted separate applications in the past...
...entry met a shocking rebuff. It is a lump-in-the-throat spot about Mike Sewell, a youth born with Down's syndrome, who found a job and happiness at McDonald's. The crowd in the giant auditorium at Cannes greeted it with raucous boos and whistles. "This is the most vicious, cynical, jaded audience in the world," said Marcio Moreira, creative director of McCann-Erickson Worldwide. "They don't like to have their emotions manipulated...
...even just saving the 29 cents, look what happens if, say, you pay four $10 monthly bills in a lump -- the $10 you owe now, plus three additional early payments. As the table shows, on that first early payment, the $10 you tie up is "earning" about a 36% annualized rate of return. The second is earning about 18%, and the third -- $10 tied up for three months to save 29 cents in postage -- is earning an annualized...