Word: mckinleyism
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Other recipients are Tanya Greene, Julia Harrington, Juliette Kayyem, Michelle McKinley, Jennifer Middleton, Wendy K. Miller, Melissa Reinberg, Kim Slote and Robert Weissman...
DIED. LAURENCE MCKINLEY GOULD, 98, geologist; in Tucson, Arizona. From 1928 to 1930, Gould trekked across part of Antarctica as second-in-command to Richard Byrd on Byrd's first expedition to the continent. Today maps of Antarctica are replete with Gould's name: Mount Gould, Gould Bay, Gould Glacier, Gould Coast...
DIED. RAY MCKINLEY, 84, drummer, singer, and pop-orchestra maestro whose crossbreeding of boogie-woogie with Big Band gave birth to a string of hits, including the memorable musical command Beat Me Daddy, Eight to the Bar; in Largo, Florida...
...lighthearted moments as the "evils of debt trap." AmEx's own maiden voyage into revolving credit -- with the launch of the Optima card in 1987 -- resulted in a plastic meltdown. The program quickly racked up $1.5 billion in unpaid charges, a figure twice the industry average, according to Robert McKinley, president of RAM Research Corp. Since March 1992, when the loss rate peaked at 12%, AmEx has wrestled bum credit to less than 6%, well in line with the industry average...
...customers is shrinking at the same time America's plastic habit is growing. Since 1984, outstanding charges rung up on bank cards have swollen from $53 billion to $239 billion. "At some banks, 50% to 60% of their equity is based on the credit-card business," says industry watchdog McKinley. Analysts say that although no more than 20% of all purchases are currently made with plastic, the possibilities for growth are enormous. Some card vendors have already moved into such traditional cash domains as movie theaters and supermarkets; others are exploring fast-food chains, government agencies and health-care establishments...