Word: tappan
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...town the governor and I visited earlier that morning. Strickland is a former minister, and we began our day at the United Methodist Church, a lovely place with a guitar-playing preacher. Back in the 1960s, Mansfield had been home to famous American brand names like Westinghouse and Tappan. Now the town was shriveling slowly, the young people moving away. "I'm the only one I know who went to a four-year college and came back home to live," Ben Stauffer, a young high school teacher, told me later...
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...
...over your understandable jitters, divide the pile into six equal parts to be invested over that many months. "We recommend that no one asset account for more than 25% of your total assets, including the total value of your house," says Gary Greenbaum, a financial planner in Old Tappan, N.J. Plenty of folks live in homes worth $800,000 that they bought for $400,000 less than 10 years ago. But their stocks have shriveled. As long as overall debt remains manageable (less than 30% of total assets), you could easily afford to borrow $100,000 against the house...
...This is the sure, the only path to dignity and honor," Tappan said...
...doubt appalled by Commencement's characteristic overindulgence, Tappan chose to discuss a verse from Paul's Epistle to Titus: "Young men likewise exhort to be sober-minded...