Banking card bargains and ATM novelty mix in digest
The piece notes high interest credit cards from Signet Bank with 9.9 percent options and no annual fee. It mentions big issuers GM, GE, and GTE launching cards. ATMs in Honolulu offer hotel bookings and maps while another allows course changes and grades messaging. Heseltine chairs Britain’s Monopolies and Mergers Commission, Odgers succeeds Lipworth as chair on Jan 4.
MENTIONED IN THIS ARTICLE
Robert B. McKinley
McKinley
Signet Bank
Conmily Danaine
London
Michael Heseltine
Britain
Middle class splits into rich and poor across the nation
The Atlanta Journal-Constitution analysis of 1990 census data shows the U.S. middle class shrinking in 48 of 50 states during the 1980s. Many shifted toward wealth, others toward poverty, widening the income gap and moving away from a classless ideal.
MENTIONED IN THIS ARTICLE
Atlanta
America
California
Georgia
Atlanta Journal-Constitution
Thomas D. Boston
Aites Tac Pocese
Journal-Constitution
Southeast
Midwest
Southwest
Northeast
Pacific
New England
Mid-Atlantic
Ralph Whitehead
University of Massachusetts, Amherst
Debt collectors must not use false credit or fake official documents
The Associated Press notes rules restricting debt collectors from sharing false credit information, sending documents that imitate court or government communications, or using false names. Violations can trigger penalties under consumer protection laws.
Creditors Harassment in Harsh Consumer Hearings
AMARILLO Consumers describe brutal creditor harassment including threats of lawsuits and public humiliation. Carver Jones, a 37 year old with luxury credit history, details selling heirlooms after an auto crash and losing insurance. Houston attorney Jim Adams notes widespread complaints to Texas officials over abusive collection practices.
MENTIONED IN THIS ARTICLE
Amarillo
Carver H.eece
House Subcommittee On Consumer Affairs and Coinage
Tata Te
Houston
Jim Adams
Carver Jones
Texas
Genoaks Lines
Geman Aretaneey Se
Executives choose options to dodge higher taxes in 1993
Los Angeles The article says executives including Walt Disney Co chairman Michael Eisner may shift income into stock options and deferrals to avoid Clinton tax increases proposed for 1993. Tax consultants note executives already move income and may defer year bonuses as top rates rise, with analysts predicting broader adoption after Eisner’s $197.5 million option exercise.
MENTIONED IN THIS ARTICLE
Los Angeles
Walt Disney Co
Michael Eisner
Whee
Elinton
Eisner
Clinton
Greg Kunkel
Pasadena
Fed signals no rate changes amid upbeat economy
Federal Reserve officials voiced optimism about the economy and said rates are unlikely to move soon. They cited robust growth and low inflation as reasons to postpone changes, noting a cautious stance in discussions with President-elect Clinton. Alan Greenspan met with Clinton, marking their first post election meeting.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Loin Malen Tone
John P. LaWare
Fed
Bill Clinton
Alan Greenspan
Little Rock
Clinton
Taxing question on deducting computer costs and withholding impact
A reader asks if computer purchases for personal use can be deducted on a federal tax return and notes IRS withholding table changes. It discusses Bush administration actions, potential reversals by Clinton, and cites that experts expect withholding revisions to probably remain, with references to P 529 and IRS guidance.
Also Mentioned on This Page
Credit Knuckleheads
General Motors Corp
General Electric Co
GTE Corp
Plus System Inc
Denver
Honolulu
Waikiki
Pittsburgh
American Banker Newsletter
British Antitrust
The
New York Times
Rae An
New York Times News Service
Source
Associated Press
Ney Stock
Frank Wells
Saeeene Geis
TE Aenes Stoc
Rich Semler
Los An
Sibson & Co
Princeton, NJ
Glenna Burkins
Knight-Ridder News Service
Bush
IRS
Congress
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