Word: fargo
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Dates: during 1990-1999
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...doorways and alleyways of downtown San Francisco. For most of that time, the city paid little mind to the 50-year-old former paramedic and his cartful of possessions. That indifference vanished last month when a police officer found him sitting on the sidewalk in front of a Wells Fargo ATM and issued a $76 ticket and a court summons. Then one morning last week, Dumont says, he was awakened by a cop kicking him in the foot and telling him to move on. "It gets worse every day," says Dumont. "If I were sleeping in front of a store...
...such mishaps scarcely matter. Intel, Microsoft, Sun Microsystems, Bristol Myers Squibb, Fannie Mae and Wells Fargo, each up between fivefold and 75-fold, were in the mix, providing exposure to the hottest sectors of the decade: computers, banks and drugs. And that's the big lesson. If you're busy racking up commission and tax costs, always chasing hot stocks or funds, get a life. All you really need is a few good ideas and the patience to be waiting when one pans out. What about the next 10 years? Think Internet infrastructure (it will be built even if every...
Consider the turmoil at ATMs in San Francisco and Santa Monica, Calif., which became the first U.S. cities to ban bank ATM surcharges. Megabanks Wells Fargo and Bank of America fired back by closing their ATMs to nondepositors in Santa Monica and threatening to do the same in San Francisco when its law takes effect in December--all of which made cardholders even angrier. A federal judge sided with the banks by blocking the anti-fee laws until a full trial can determine their constitutionality. Says Santa Monica council member Michael Feinstein: "The electorate's response to the ordinance...
...Legislators in several cities, angered by rising ATM fees, have simply outlawed them. But last week the banks struck back. Wells Fargo and Bank of America began barring noncustomers from using their ATMs in Santa Monica, Calif., after the city council banned surcharges. San Francisco residents may soon be facing the same fate. "The banks have a right to earn a return on their investment," argues Joseph Morford, a banking analyst for Dain Rauscher Wessels in San Francisco. The machines cost up to $50,000 each. But consumers now appear to be lowering their own costs by cutting back...
...says, "It takes courage to eliminate pork-barrel spending," invoking his war-hero past without mentioning it. He sorts through the sillier items tucked into the recent appropriations bills--$1 million for peanut-quality research ("Can't the peanut people do that?"), $200,000 for sunflower studies in Fargo, N.D.--then thunders about $1 billion in military-construction projects the Pentagon never asked for. "This makes me angry," he says, his voice building, "and it should make you angry." When military dedication fuses with reformer's zeal, you know McCain has found his sweet spot...