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Toni Goldfarb, a writer in Old Tappan, N.J., says a five-figure loan she made to a close family member upset their relationship, even though they had a signed agreement and he was paying interest on the sum. The problem was both the repayment schedule--she says her relative paid her quarterly in "dribs and drabs"--and the fact that he lived a more affluent lifestyle than she and her husband did. It took more than five years for Goldfarb to be fully repaid. "He didn't think this was a big deal because he thought it was a fair...
...audited, says Brent Neiser, director of collaborative programs at the National Endowment for Financial Education. And if they fail to charge any interest at all and don't set repayment terms, the loan can be considered a gift that is subject to IRS gift-tax rules. Depending on the sum, the tax can run as high...
Aside from the surprise lunch specials, the Tea House does serve some familiar Chinese dishes. Dim sum ($3.50) is available, although the selection is limited compared to most Chinese restaurants. The steamed dumplings, a part of the dim sum menu, were unlike any others that I had eaten before. Inside the sticky wrapper sat ground tofu, finely minced bok choy and tiny pieces of vermicelli. Served with soy sauce, the dumplings were a light and refreshing addition to the meal. Our other dim sum order of turnip cakes was also equally delectable. Two pan-fried squares of rice flour, turnip...
From the first, critical and popular thinking positioned the two artists as the heads of opposing camps. The critic Andre Salmon summed it up in 1910. "There are lovers of art capable of admiring both Picasso and Matisse," he wrote. "These are happy folks whom we must pity." We all know the terms of their face-off. Matisse the color-infatuated voluptuary, Picasso the spiky engineer of Cubist space. Matisse the consoler, Picasso the bomb thrower. Matisse the man who once called for "an art of balance, of purity and serenity," Picasso the one who said, "In my case...
After failing to ride Kanga Roddy to riches, Wang paid an undisclosed sum in late 2001 to Dutch conglomerate Philips. He bought an operation that designs mobile-phone handsets and other components and has about 65 employees in Vancouver and Dallas. China's media hailed Holley as the next Haier, the Chinese appliance giant with a factory in South Carolina. But Holley is no Haier. Only a handful of small customers have signed recent deals, and a former manager at the Vancouver office says Holley doesn't have the resources to develop next-generation technology. (A Holley spokesman says...