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...added interest and late fees that typically pile up when more consumers are late to pay or exceed their credit limit?thus triggering a higher rate???are feeding a consumer backlash that is gaining strength. In 2007, 11,427 people filed complaints with the Office of the Comptroller of the Currency, which oversees bank-issued cards?a 13% increase over...
...reference to last week's revelations of Perot's financial support for National Security Council efforts to ransom American hostages held in Lebanon. One of Perot's assistants dubbed the GM payoff "hush-mail." Shareholders, meanwhile, were outraged that GM paid about $60?or twice the going market rate???for each of Perot's series E shares. One stockholder, Abraham Duman of Highland Park, Tll., filed a suit against GM, claiming that its directors had violated their fiduciary responsibility by paying such an enormous sum to Perot...
...noncoms whose skills are in demand in the civilian economy. Nor would conscription necessarily make the socioeconomic, racial and mental aptitude composition of the military more representative of the U.S. population than is the case under the volunteer force. Reason: if men and women continue volunteering at the current rate???and being accepted at the current quality?and the armed forces remain at their present size, it might only be necessary to draft about 10,000 to 20,000 each year. Such a tiny influx would scarcely change the armed forces' character. Said Pirie at the TIME seminar: "Presumably...
...cool it. Carter at his press conference went out of his way to praise Burns as an "able, outspoken and independent man" and agree with him that business profits should be going up faster. Federal Reserve officials, on their part, stressed that an increase last week in the discount rate???the interest rate on federal loans to banks?from 5%% to 6%, was not intended to defy the White House. The increase had been decided on before the Schultze statement was posted on the pressroom wall; it was only half as large as Wall Street had expected, and it only...
...Johnson's March 31 order to curtail the bombing. But Dean Rusk, testifying on the foreign-aid bill before a House committee, said infiltration had increased. Indeed, some intelligence sources claim that 30,000 infiltrators poured into the South in April alone?a 2½-fold increase over the normal rate???and that their weapons were new, excellent and plentiful...