Word: payments
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Dates: during 2000-2009
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...Hall, 56, who lives outside Sandusky, Ohio. A supervisor with an MBA at an automotive parts supplier to Ford Motor Company, Hall was laid off in October 2008. He recently sent a letter of hardship to Wells Fargo to try to save his house from foreclosure. His subsidized COBRA payment has been $258 a month and he says not having to pay an additional $500 a month for health care coverage is a godsend. "When you have to draw straws between paying the utility bills, the mortgage and health care, it's hard...
Even that almost wasn't enough. The company owed a $200 million payment to CityCenter's contractor, Perini Construction. It was due on a Friday in March. Murren spent that day on a conference call with the company's banks, trying to persuade them to lend MGM the funds until it could resolve its problems with Dubai. Murren could promise them nothing. "We don't know the outcome of CityCenter. We don't know how we're going to get there...
...government stimulus money has spilled into property markets, and prices climb as developers struggle to acquire new stock, some Chinese have grown desperate as they struggle for what they see as fair payment for their property - or simply want to hang on to their homes. The media often carries stories of the struggle getting violent. Late last month protesters shut down several major intersections in the southwestern city of Guiyang after a dozen residents were kidnapped so workers could demolish their homes. (See portraits of China's workers, from the 2009 Person of the Year special...
...topic, "Some experts believed that less than half of all medical care is based on or supported by adequate evidence about its effectiveness." Instead, said the CBO, health care in the U.S. is often motivated by factors like "enthusiasm for the newest technology" and a fee-for-service payment system that rewards doctors based not on outcomes but the number and price of treatments they prescribe and perform...
...communist principle of state ownership. At Ganglau village, a collection of shacks fronting a bay teeming with dolphins and tuna, community elder Mou Bilang complains that most villagers haven't been compensated for the loss of land once used to plant cash crops, save a $125 "dust payment" issued as an apology for the dirt the project has kicked up. "The Chinese promised us free electricity, free water supply, free job training for our boys," Bilang tells me. "But they have delivered nothing." Tensions reached a crisis point five months ago, when a local youth was accidentally injured...