Word: moneyed
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Dates: during 1980-1989
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...part of the plea agreement, the Panamanian bank could pay a $5 million fine, giving up most of its $6.7 million net worth. The fine would be the largest U.S. penalty ever paid by a bank on money-laundering charges and would be the first time a foreign bank with no formal operations in the U.S. has been convicted of such violations...
...doesn't want filters," said a participant. "He actually wants to sit there at the table and listen to Darman fight with Reilly." Darman argued in one meeting that the clean-air proposals were too expensive for the health and safety benefits gained. "For the same amount of money," the Budget Director said, "we can buy everyone in America rubber- soled shoes, because the chance of being killed by toxic gases is about the same as being killed by lightning." Bush is proud of these bouts and prefers them to the staged-managed sessions held for Reagan. "I've been...
...flyer miles. (The bank that issues Joey's MasterCard pays Pan Am a penny or so for each mile awarded -- about $100 in this case.) Lessons for us: Resist those tempting blank checks your credit-card company sometimes sends (unless you're really looking for a way to borrow money at 19.8%). Switch to a credit card that offers frequent-flyer miles. (If you're charging things, you might as well get a free trip once in a while.) Don't mess with my pal Joey...
...Democrats of attempting to embarrass the Administration by overstating the bailout's immediate price tag. Putting $30 billion off budget, however, will increase the eventual cost of this year's bailout expenditures by an estimated $3 billion over the next three decades. That is because the off-budget money will have to be borrowed by the Resolution Funding Corporation, the Government agency responsible for restructuring the thrift industry, which will have to pay investors higher interest rates than the Treasury pays for on-budget borrowing. As a result, the S & L rescue's first installment is a case of bail...
...their peak until all types of stocks are overbought, professionals become exuberant, and even small investors are snapping up stocks with abandon. Peter Lynch, manager of Fidelity's $11.5 billion Magellan mutual fund, recalls that "in the summer of 1987, torrents of cash were coming at us out of money-market funds." There is only a dribble this year...