Word: ores
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Dates: during 1980-1989
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Even before the St Germain report, small businessmen across the U.S. were skeptical that the prime was really the best rate available. Snaps Robert Laughlin, a Portland, Ore., food-equipment distributor: "The prostituted prime is nothing but greediness on the part of large banks." Attorney Jackie Kleiner has filed suit against the First National Bank of Atlanta, alleging that it uses an artificial prime to discriminate among borrowers. Says Kleiner: "The prime rate is supposed to be the bank's cost of obtaining money, plus a small profit. But it turns out that the profits are obscene...
...Henderson, a foreman of a team of loggers working to salvage what might be as much as $50 million worth of downed timber for Weyerhaeuser Co., gets $11.80 an hour, plus a $6-a-day hazardous-duty bonus. So does Norm Pettit, who came from Coos Bay, Ore., because "this is the only boom area in logging in the county." Jobs with cleanup and logging crews have attracted enough newcomers to push enrollment in the Toutle school district from a pre-eruption 502 children to a current...
Modeled on programs in Portland, Ore., Columbus, Ohio, and the Dorchester section of Boston, the Cambridge network is only now, after 2 1/2 years, beginning to "become established in the community," Diane Lonsway, a local coordinator, said last week...
Jane D. Doolin Lincoln City, Ore...
Barbara Anderson Portland, Ore...