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Throughout the history of the US, there have been many times where shortages of cash were so severe they made life difficult for a lot of people -- and hindered the smooth operation of the economy. One frequent response to cash shortages has been to create a local substitute currency, which people call scrip. Scrip has been issued off and on in the US by different kinds of entities and for a number of reasons, not just to overcome liquidity shortages. Some scrip was payable in goods or services. Other scrip represented claims to bank deposits, which could be redeemed once a bank ended a suspension. Issuing scrip was also viewed during the 1930s as a way to encourage local spending. The US experience with stamp scrip illustrates the importance of a well-functioning medium of exchange. Hi...
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LAHORE, Pakistan - An American CIA contractor who shot and killed two Pakistani men was released from prison Wednesday and left Pakistan after more than $2 million in "blood money" was paid to his victims' families, defusing a dispute that threatened an alliance vital to defeating al-Qaida and ending the Afghan war.
In what appeared to be a carefully choreographed end to a crisis that had stoked anti-Americanism to new heights, the U.S. Embassy said the Justice Department had opened an investigation into the killings on Jan. 27 by Raymond Allen Davis.
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Need cash? Try taking out the trash! A recent survey found that many parents pay kids for doing chores, such as setting the table and folding laundry....
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A Shrewsbury woman won a more than $172,000 verdict in St. Louis County Circuit Court on Thursday against two people who allegedly defrauded her when she invested in their clothing store.
Kara Rehagen alleged that in 2007, she invested $154,000 into a Clayton boutique, Play. She claimed that Julie Baak and Kevin Glazer - owners of Play Om LLC - told her that when she invested she would control Play's business operations and receive a salary of $50,000. She also claimed she was told that her investment would not be used to pay prior debts.
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THE COLUMBUS Jets had long been a proud minor-league baseball franchise, the Class AAA affiliate of the Pittsburgh Pirates for 14 years beginning in 1957. But after the 1970 season, Columbus no longer wanted the Jets - or at least no one in the Ohio capital city seemed willing to undertake the financial responsibility of keeping them there.
Here in Charleston, businessman Bob Levine saw an opportunity. Others might have said it was a risky venture destined to bleed red ink.
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OAKLAND, Calif., Nov. 23, 2011 /PRNewswire-USNewswire/ -- In a lawsuit filed today in Alameda County Superior Court, two girls, 14 and 19 years old, are asking the Court to call an immediate halt to California's illegal practice of forcing children to repay the old welfare debts of their parents or guardians.
Both girls were children when their guardians were supposedly overpaid CalWORKs cash benefits. One of them was not even born when most of the money was originally paid out. Yet despite the unfairness and illegality of holding children accountable for the debts of their parents or guardians, the California Department of Social Services (DSS) is now forcing the plaintiffs to repay the money.
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Some of the money that a former Fayette County law firm was entrusted to use to pay off $99,000 in mortgages was instead spent at department stores, supermarkets and gas stations, according to an investigator with the state Attorney General's office.
In addition, Special Agent Gregory S. Smith testified canceled checks and debit charges for checking accounts belonging to former attorney Mark F. Morrison and his wife, Deborah, of Hopwood, showed some of the money was used to pay utility bills and court costs on Deborah Morrison's 1997 theft conviction.
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An investigative report on the spending habits of the Evansville Convention & Visitors Bureau tells us that lunches for staff members to celebrate birthdays, tickets to events, gift cards and holiday parties with guests for staff and board members were commonplace.
Many of these activities are accepted without question in offices both private and public. It might have remained so with the convention bureau except for the disclosure of the now infamous Christmas party staged by the bureau board in December.