Word: debt
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...Southeast Asian immigrants, my family owes Edward Kennedy a debt of gratitude [Sept. 7]. Because of the Immigration and Nationality Act of 1965 that he helped pass, we were able to come to the U.S. many years ago and build a new life. His countless good deeds will reverberate in our nation's soul. The best tribute his colleagues in Congress can bestow is the health-care-reform bill that was his life's cause and that he worked so hard for but, sadly, did not live to see enacted. Cheers Echevarria-Leary, PINONLE CALIF...
...year, passengers took it as just another sign of the humbling of the country's once-proud flagship carrier. But far greater humiliations were in store for Asia's largest airline by revenue. Beset by a steady erosion of its customer base, high cost structures and a $15.4 billion debt load, JAL lost about $1 billion last quarter and projects a loss of about $700 million for this fiscal year. With nowhere else to turn, JAL CEO Haruka Nishimatsu this week met with Transport Minister Seiji Maehara to discuss a government bailout, inviting unflattering comparisons between the Japanese airline...
...also included Christopher T. Robertson, a visiting fellow at Harvard Law School, Melissa B. Jacoby, a law professor at the University of North Carolina-Chapel Hill, and Matt Selig, the acting director of the Health Law Advocates. Robertson stressed that many individuals with health insurance still end up in debt due to medical costs. “Approximately two-thirds of people who [experienced] home foreclosure had medical insurance,” he said. Selig discussed the conflict between the interests of the health insurance industry and the financial well-being of the average American. “Healthcare doesn?...
...hiring is taking place as indicators across the city remain poor: room inventory is up slightly, but occupancy is off 6% vs. last year; room rates are off at least 25%. But MGM-Mirage says the project is in good shape. The company is carrying $1.8 billion in debt on the project but says financing to complete it is in place. MGM-Mirage also says it has closed on about half of the 2,440 condos for sale and has collected $350 million in deposits...
...Second, we still buy a whole lot of your Treasury debt, though this is less of a weapon than is often portrayed in your press. (We have to recycle the dollars we earn from trade somewhere, and your Treasury market remains the largest and most liquid in the world. Plus, we, like the Japanese before us, have no real interest in seeing your interest rates rise and growth slow, particularly not now, and that's what would happen if we went on a T-bill buying strike.) But holding your debt does give us leverage, and we have some decisions...