Word: payment
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Falwell and the board launched an investigation into the new sexual charges against Bakker that had been leveled, without public documentation, by Baptist Televangelist John Ankerberg of Chattanooga, Tenn. Falwell disclosed last week that part of Bakker's hush-money payment was made by PTL and that the remainder was provided by a major PTL contractor, Roe Messner of Wichita. At Dortch's request, Messner then billed PTL for the sum, but Falwell described that as a mere "error in judgment...
...million-a-year PTL empire, which includes the Heritage USA theme park in Fort Mill, S.C. Six weeks ago he stepped down as PTL president and chairman after admitting to a 1980 tryst with Massapequa, N.Y., Church Secretary Jessica Hahn and to then making a "blackmail" payment. A $265,000 hush-money package was assembled for Hahn and her advisers...
...years the organization of Political Extremist Lyndon H. LaRouche Jr. has evaded payment of $21 million in fines imposed for ignoring subpoenas in the Government's credit-card fraud investigation of LaRouche's operations. Exasperated, the U.S. got inventive. Without informing LaRouche's lawyers, U.S. attorneys persuaded a federal judge to put three of LaRouche's outfits into involuntary bankruptcy. Next day U.S. marshals seized companies and offices nationwide, a rare Government use of a creditor's bankruptcy confiscation rights...
...just two weeks the national average interest rate on a 30-year fixed- rate mortgage jumped from 9.25% to 10.25%, and at some banks to about 11%. A 1 percentage point increase on a $100,000 mortgage at 9.25% would boost a homeowner's monthly payments by $73, to $896, or a total of $26,280 over the life of the loan. Homeowners with adjustable-rate mortgages, which now account for about 20% of outstanding home loans, may face automatic payment increases if the rate hike persists...
Also high on last week's agenda was the international debt problem, which heated up last February when Brazil suspended payments on its $68 billion worth of foreign bank loans. Brazilian Finance Minister Dilson Funaro was at the meeting, trying to win support for new credit to his country. He warned that debtor nations were on a "very short lifeline" and "being pushed to the end of their payment capacity." But Funaro received little encouragement from the G-7 representatives, who maintain that Brazil must reform its economy and curb its rampaging 600% inflation rate...