Last Updated: Sep 27, 2004
Search This Site
Issue no. 735
Editorial
Editorial: Bush or Kerry? Both have a plan to continue this vile war
Pages 2-3
Corporate free ride gets bigger
Seniors pay more for Medicare – to subsidize insurance companies
New Medicare Drug Coverage: A bail-out of the biggest companies paid for by retirees
If only we all could get loans like this!
California: Collapse of charter schools leaves students without a school
Nader: Calling for a withdrawal from Iraq – but not yet!
Pages 4-5
Slave labor conditions in Saudi Arabia: U.S. imperialism's staunch ally
New Orleans: An "unnatural disaster" narrowly avoided
Haiti: Victims of a hurricane, but above all, of poverty
Haiti: The State in decomposition
Pages 6-7
Closure of trauma center in Los Angeles: Putting profits above human lives
US Air: In case you aren't sure what corporate bankruptcies are all about
Page 8
Secret Service harasses mourning GI mother
Firebombing of SWP campaign office: An attack on all working people
If only we all could get loans like this!
Sep 27, 2004
Detroit's Downtown Development Authority (DDA) approved a $200,000 loan to three shops opening near the new Compuware headquarters. But what a loan!
The terms of the loan forgive the interest in any year that the stores' gross sales, above 275 million dollars, are less than the amount needed to pay the interest!
Not only that, if the stores manage for three years in a row to evade interest charges – the whole loan is forgiven!
It's not very clear why Nike, Athlete's Foot, and JB's are so poor as to need any sort of loan in the first place.
But for a loan that will be forgiven if we say we can't pay – hey, where do the rest of us sign up?