Word: payment
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Over the past decade, remittances of wages from migrant workers to their native countries have risen 44%, to an estimated $138 billion last year, and they are projected to grow an additional 28% over the next three years. According to the Nilson Report, which tracks payment services, Western Union controls nearly 80% of the electronic money-transfer market in the U.S., the world's biggest sender of remittances, which helped it pick up a nicely rounded $1 billion in profit last year from $3.2 billion in revenue. But several years of 30% profit margins have drawn complaints of price gouging...
...stock ticker (1867), the electronic money transfer (1871), the credit card (1914), the singing telegram (1933) and intercity facsimile service (1935). But since 1995, when it became a division of the Denver-based First Data Corp., the world's biggest credit-card processor, Western Union has focused on electronic payments. Western Union processed nearly a billion checks and money orders in 2001 and is the biggest mortgage-payment processor in the U.S. It has also become a leader in the gift-card market, with clients including Blockbuster and Toys...
...previous ones. From 1997 to 2001, the median malpractice jury award doubled, to $1 million, but that counts results only in the 1% of lawsuits that are won by plaintiffs. The number of malpractice suits has remained stable, and although some states have seen sharp jumps, the average claim payment has grown about 8% a year, close to the rate of medical inflation...
...past year, Harvard has expressed a willingness to offer more. Harvard pays $4.3 million each year for its taxable land—sites where Harvard owns commercial businesses—and also makes a voluntary payment in lieu of taxes (PILOT) of $1.7 million for the 189 acres of land it owns but uses for institutional, tax-exempt purposes...
...complicated its relations with its other neighbors—a prospect Harvard predicted. Indeed, Cambridge city councillors have since called for a reassessment of the city’s losses due to Harvard’s tax exemptions—even though its thirteen-year-old agreement for payment in lieu of taxes (PILOT) with Harvard will remain in effect until 2010. In Boston this spring, after Harvard acquired 91 acres of land in Allston from the Massachusetts Turnpike Authority, Boston Mayor Thomas M. Menino also called on Harvard to increase its PILOT payments. Before its recent purchase, Harvard held...