Word: visas
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Dates: during 2000-2009
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Then came the cars. And the backyard barbecues. And the black-and-white TVs. Ozzy and Harriet, Lucy and Ricky, Leave it to Beaver. In September 1958, Bank of America tested its first 60,000 credit cards (later named Visa) in Fresno, Calif. Within a decade, Americans had signed up for more than 100 million credit cards. Today, the number tops 1 billion. African Americans were able to pull themselves into the middle-class bracket through the social gains of the civil rights movement, though a disproportionate number still live below the poverty line. (Read the 1974 TIME article "America...
...Visa (V) is lucky. It does not offer consumers credit. It acts as an agent to transfer funds between buyers and merchants. Visa also handles transaction clearing and settlement services. Unlike large banks, when a customer defaults, Visa's balance sheet is not at risk. The company's role as an intermediary makes it an attractive investment. Over the last month the DJIA average was down slightly while Visa shares were up 32%. In the last quarter, Visa's profits rose 35%. Loaning money is a bad business. Handling the transaction between borrower and lender...
Harvard students who hoped to hop across the pond this summer to work may find themselves staying closer to home due to unresolved visa negotiations between the United States and the United Kingdom. The U.K. Border Agency recently unveiled a new youth mobility scheme that applies to individuals between the ages of 18 and 31 who would like to “experience life in the United Kingdom.” In order to apply for a visa, individuals must have a valid national passport from a country taking part in the youth mobility scheme. But because...
...first glance, the decision by United Arab Emirates officials not to grant Israeli tennis star Shahar Peer a visa to compete in the Dubai Tennis Championships, a tournament she qualified for, may seem like another example in the never-ending stream of petty tit-for-tat retributions that have been as much a part of the 60-year Arab-Israeli conflict as wars and upheavals. Though the U.A.E. justified the blocking of Peer's visa as a measure taken to protect the player herself from demonstrators and growing anti-Israeli sentiment in the Emirates, the move is widely seen...
...After the slaying, Visa Kungayev, the father of the murdered Chechen woman, said Markelov had called him on Friday to tell him he was being threatened. "The first minute of the conversation, he said that people were calling his house, threatening him, threatening to kill him if he did not stop working on the Kungayeva case," Kungayev said, according to the Interfax news agency...