Word: collectedness
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Walk into George W. Bush's office in Austin, Texas, and you can't miss the baseballs. Nearly 250 of them, collected since Bush was a child, fill two wooden cases along one wall. Each prize rests in its plastic cube displaying a superstar's scrawl. In the collection are...
Villa profited handsomely from the business. For himself, he collected cigarette speedboats and vintage autos and racing cars, from a 1957 Cadillac to a 1990 Ferrari. For his wife, he collected jewelry--a $22,000 Rolex watch, a three-carat $44,000 wedding ring and $9,000 diamond earrings.
Members of Congress echoed the industry line. Declared Representative George Gekas, the Pennsylvania Republican who shepherded the legislation through the House (and who has collected $30,000 in political contributions since 1997 from bankers and credit-card companies): "In 1997 Americans filed an all-time record of 1.33 million consumer...
--A study by two law professors at Creighton University, funded by the nonpartisan American Bankruptcy Institute, found that only 3.6% of Chapter 7 debtors would be able to pay more. "The vast majority belong in that chapter," the study stressed. "They have too little income after necessary expenses to repay...
As all of this suggests, there is little money to be squeezed out of those in bankruptcy, especially since trustees already collect about $4 billion from debtors each year, a sum that includes proceeds from liquidated assets. Even if they could find an additional $1 billion, the economic and emotional...