Word: payment
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...That was made clear on Nov. 25 when the city-state of Dubai shocked the global investment community by asking creditors of its main corporate arm, ports-and-property conglomerate Dubai World, for a six-month payment standstill on its almost $60 billion of liabilities. The surprise hit stock markets in Asia and the U.S., while sending investors scrambling for safe havens like the U.S. dollar. Experts have since engaged in a rabid round of speculation over what the Dubai debt crisis might mean for the world economy. Some see the problem as little more than a big real estate...
...Harvard Law School Professor Lucian A. Bebchuk, Holger Spamann, a lecturer at the Law School, and Alma Cohen, a visiting law professor from Tel Aviv University. The authors attempt to dispel what they call the “standard narrative of the meltdown” that does not give payment schemes a leading role in the financial crisis...
GARY JACKSON, former president of private-security firm Xe Services, once known as Blackwater, responding to questions from the New York Times about a report that the company authorized the payment of about $1 million in bribes to Iraqi police to silence criticism after a 2007 massacre in Baghdad...
...little more than limit banks’ ability to market credit cards to students and require them to warn you before they do something like raise your interest rates from 19 to 30 percent in the space of one month, even if you haven’t missed a payment, just because the issuer claims to have identified heightened systemic risk...
...restitution of nearly $1 million. So far, Kilpatrick has paid about $90,000 of that sum. But despite having a $120,000-a-year job in Dallas with a subsidiary of Compuware, the billion-dollar software company based in Detroit, Kilpatrick now claims he cannot afford to meet the payment terms of his probation agreement. (Never mind his family's rented suburban mansion and flashy cars.) (See the top 10 scandals...