Word: owe
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Dates: during 2000-2009
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...While the revenue of state and local governments are falling, their obligations are not. On average, states have funded only 83% of what they owe or will owe to their retired workers. Many states have done a much worse: West Virginia, Road Island, Connecticut and Oklahoma all have less than 60% of their retiree benefits paid for. "The number of state funding ratios at the low end is startling," says Peter Hayes, who heads BlackRock's municipal bond management committee. "The prospect for even greater liabilities is a reasonable scenario if the country becomes trapped in a prolonged recession...
...this country, they treat people who owe money worse than criminals," says Vila, 49, an employee of a health-insurance company. Earlier this year, she fell behind on her mortgage payments. On March 31, she received a call from an unidentified collection agency that said it worked with the bank who had issued her mortgage and informed her that the next day it would be sending three bullfighters to "take up a collection" on her behalf from her neighbors. "I'm a serious person. I've paid my bills my whole life," says Vila. "This is a really painful situation...
...Barcelona, Montserrat Vila is similarly unafraid to meet her costumed fate. The threatened toreros didn't appear that afternoon, but she is ready for them whenever they do - with a garden hose set to spray from her apartment balcony. "I owe money, that's all. I'm not ashamed of that," she says. "They're the ones who should be ashamed...
...TIME's article on foreclosure was heartbreaking. How is it that some people pay more to pamper their dogs than other people pay for their mortgage? Also, how does one pay $800 a month for health insurance yet still owe $15,000 in medical bills? I think this story uncovers another part of the financial industry that has contributed to the economic meltdown. Thank God we finally have a President who gets it. Bonnie Huggins, Centennial, Colo...
...it’s right or wrong because that’s not my question to answer. I will say, though, that I look forward to a day when the human memory will evolve past providing us with only the capacity of holding life-long grudges against friends who owe us money and instead allow us to remember the more gruesome details of recent history. Also, to ticketholders, I’m sure it’ll be an interesting show. If MJ’s behavior over the last 20 years in any indication, “This...