Word: payment
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Williamson has been a member of local Democratic groups, tenants' rights groups, building preservation societies and other local activist groups. He wants to restore and extend affordable housing, put a one-year moratorium on commercial real-estate developments, renegotiate the "payment in lieu of taxes" agreement with Harvard, and look for a new city manager...
Dire is right. After a major inventory snafu, Fruit's financial elastic stretched again last month, when it had to make a $45 million interest payment on accumulated debt of $1.3 billion. Its stock, traded at $48 a few years ago, now sells for less than $4. The board, its confidence in Farley shaken, managed to shunt him into the role of nonexecutive chairman in August, and the company is searching for a new CEO. Farley retains a role in large measure because he still controls 28.5% of Fruit's voting shares. He has also arranged for the company...
...after fours years of allowing plastic, Tufts University in Medford took itself out of the credit card market in 1997, citing mounting losses from the fees that credit card companies skim from every tuition payment...
...costs were quite substantial and far in excess, from a corporate perspective, of any benefit that the institution could derive," says Thomas S. McGurty, vice president for finance and treasurer at Tufts. "I think many people, quite frankly, were using [the payment option] to realize frequent flier miles. It just didn't make economic sense for the institution as a whole...
Keep your head about you when signing up for and using your credit cards. A $1,000 bill on a credit card that charges 15 percent interest--low by credit card standards--will turn into $2,100 in the 14 years it takes to repay if only the minimum payment is made each month...