Word: payment
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...debt and insolvency led a French commercial court to order the company liquidated. It was a fate Khalifa Airlines' French unit also met eight days later, a mere formality, because last May the airline had halted all service, after leasing companies repossessed Khalifa's 34 jets for lack of payment. But even before the Khalifa Group began collapsing, alarms had been sounding whenever someone tried to make sense of the privately held firm's books. The first warning concerned El Khalifa Bank - Algeria's largest private bank - which attracted over 1 million private and institutional clients with interest rates paid...
...doesn't pay to stay put? That breathtaking sum stunned some of the Street's own stunningly paid honchos. And it comes at a time when thousands of investment bankers and brokers have lost their jobs. The N.Y.S.E. was quick to point out that Grasso's lump-sum payment built up over his 20 years as a senior executive. Still, even accounting for decades of compounded interest and (at least for a while) a booming stock market, $140 million is "very generous," says Doug Jensen, an executive-compensation consultant at Hay Group in Norwalk, Conn. Consider: it's equal...
...decathlon competitor - also boasts a Russian, a Czech and a Hungarian. Why didn't Kenya block Shaheen from racing for Qatar the way it stopped 800-m champion Wilson Kipketer running for Denmark at the 1996 Atlanta Olympics? There has been wide speculation that Kenyan track authorities were promised payment or a new track facility by their Qatari counterparts. Both federations have denied such allegations, but Al-Hamad does not exclude the possibility that an agreement could have been brokered at a higher level of government. Shaheen tells TIME that he simply wanted to get away from Kenya and make...
That's because long-term interest rates are set in the bond market, not by the Federal Reserve, which dictates short-term rates. Bond traders sell when they anticipate a pickup in inflation, which usually accompanies economic growth and erodes the value of their fixed interest payments. In the past two months, the selling has been heavy, and as a result the average 30-year fixed-rate mortgage has jumped from 5.25% to 6.37%. That move adds $143 to the monthly principal-and-interest payment on a $200,000 mortgage--all because Gross and his kind have had a change...
...year fixed-rate mortgage shoot up from 5% to 6%. Although she initially locked in the lower rate, a delay in the processing of her application could have meant missing the 60-day processing deadline--and getting stuck with the higher prevailing rate and a bigger monthly mortgage payment. "It was scary," says Levine...