Word: optima
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...unemployment report came two days after American Express said it would lay off 1,700 workers and take a $265 million write-off because of rising defaults among holders of its new Optima credit card. Ames Department Stores, meanwhile, said it would close 77 of its 448 stores and lay off about 4,500 employees early next year...
Membership has its privileges, but depositing money at 6.54% is a privilege Amex is willing to extend to anybody. (Not least because it can turn around and lend that money to its Optima cardholders at 16.25%.) Noncardholders won't be billed, but can make deposits by mail...
...American Express Optima card will undoubtedly add to the intense pressure being put on banks and department stores to reduce their interest rates. Across the U.S., public officials and consumer groups are angry that credit-card charges have stayed high in recent years while other lending rates have sharply dropped. Two bills have been introduced in Congress that would establish national ceilings for credit-card interest. Six states -- Arkansas, Connecticut, Rhode Island, Texas, Washington and Wisconsin -- already limit that interest...
...CENTRAL theme runs throughout the numerous fiscal ills one could catalogue for New York City. Assuming that the Mayor knows what is optima! in an economic sense (and which therefore minimizes or even solves some fiscal problem), it is usually not optimal in a social sense...
...Miss Ruutz-Rees and English under Miss Lowndes that when they get to Smith or Vassar it is often with a sigh of relief. "Ten bar girls," who have served ten terms in the student government, are Duces, and the girl voted outstanding in each graduating class is an Optima. Both Optimae and Duces have their names carved in oak panels in the dining hall. Girls are subject to constant British roll calls to which they answer their last name. For exercise Rosemarians play hockey, ride with Miss Lowndes, whose inveterate sidesaddle horsewomanship is reputedly attested by a platinum...