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...failure of thousands of these uncompetitive vestiges of the revolution--in the past eight years, 56 million factory workers have lost their jobs. But the government's fear of mass unrest keeps thousands more state firms on life support, consuming government-directed "policy loans" that will probably never be repaid. China's four biggest banks are technically insolvent because they are owed an estimated $500 billion in nonperforming state-enterprise loans, but 70% of their new loans still go to state companies...

Author: /time Magazine | Title: Banking: At the Mercy Of Loan Sharks | 5/19/2003 | See Source »

...allies such as Democratic Congressman Chris Van Hollen, in whose Maryland district Sodexho is headquartered, and New York Senator Charles Schumer, whose state is home to 8,600 Sodexho workers. Schumer personally lobbied Rumsfeld and has been in daily contact with the Pentagon on the issue. The efforts were repaid last Friday, when Schumer's office was notified that the Secretary of the Navy would soon be sending a letter of reassurance that the contract was safe. "It's a huge relief, with a capital R," says Sodexho spokeswoman Leslie Aun. --By Karen Tumulty

Author: /time Magazine | Title: Foie Gras In The Mess? | 4/21/2003 | See Source »

...application process and give fast access to cash, but they come with plenty of risks for both the lender and the borrower. Credit counselors say many personal loans between family members go unrepaid, which can lead to anger and unraveling of close ties. And even when loans are repaid, they can create an unsettling change in the balance of power between relatives. That may be less of a problem between parents and children, but it can devastate sibling relationships...

Author: /time Magazine | Title: Families: Finances: Giving a Helping Hand | 3/3/2003 | See Source »

...interest on the sum. The problem was both the repayment schedule--she says her relative paid her quarterly in "dribs and drabs"--and the fact that he lived a more affluent lifestyle than she and her husband did. It took more than five years for Goldfarb to be fully repaid. "He didn't think this was a big deal because he thought it was a fair exchange," says Goldfarb. "He was paying me a fair interest rate. He sees it as a success story, whereas I still have negative feelings about the whole thing." Nonetheless, she says, she would lend...

Author: /time Magazine | Title: Families: Finances: Giving a Helping Hand | 3/3/2003 | See Source »

...Mama” was certainly good to Harvard last Saturday, seducing the sold-out crowd at Cultural Rhythms with her audacious antics and considerable stage presence. So it was only appropriate that Harvard repaid her in the best way it knows how: with a sweatshirt...

Author: By Ben B. Chung, CRIMSON STAFF WRITER | Title: All Hail the Queen | 2/28/2003 | See Source »

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