The community grows and union workers on these projects will receive good wages and benefits,” Meaney said. “When we use our pensions to fund projects like these, it is an investment in the community and an investment in ourselves. Essentially, it is a self-perpetuating cycle of investment, where the fund benefits. The Artisan project is yet another opportunity for building trades pension funds to invest in the community, create jobs for building trades members and to make money for their pension funds. “We not only get a return on our investment to our pension funds, but also in turn are creating more pension dollars going into the fund for the hours being worked on the project, which in turn are building our pension funds higher.” “Our members take pride in knowing that they are helping transformational projects being built (in the area) by both working on them, and helping to finance them,” Meaney said. The apartment building boom has kept many skilled union tradesmen and tradeswomen from the Cleveland area working.Īccording to Wondolowski, the Artisan project has a two-year construction timeline and will create an estimated 400 jobs – all for members of the building trades.įor affiliated members of the Cleveland Building Trades, including Local 38, pension-funded projects provide additional pride. They can easily get around to all of the amenities at University Circle and downtown from these new apartments.” “Some people do not want the responsibility of owning a house and do not want to own a car. ![]() People who work at places such as the Cleveland Clinic or University Hospitals want to be close to work,” he said. ![]() Some of it is the location of these new apartments, such as the Artisan project. “Some of it is the limited supply of houses on the market. IBEW Local 38 Business Manager Dennis Meaney believes the apartment boom is a combination of factors. “Cleveland is a great place to live and work.” “I believe people want to live close to where they work,” said Cleveland Building and Construction Trades Council Executive Secretary Dave Wondolowski. The 23-story, 298-unit luxury high-rise apartment complex will include a mix of studio, 1-bedroom, 2-bedroom and 3-bedroom spaces, along with covered parking and retail space.Īccording to a news release, the project will include a number of outdoor amenities such as fire pits, grilling stations, a dog run and resort-style rooftop pool deck.įor affiliated members of the Cleveland Building Trades, the Artisan is one of the many apartment projects over the last five years to come to Cleveland. ![]() “With excellent partners in place in White Oak and Midwest, we seek to generate good returns, create good jobs and deliver a high quality, luxury living option for this community.” “Cleveland, specifically the University Circle neighborhood, is a burgeoning, dynamic market that we are thrilled to be a part of,” said Jeffrey Kanne, President and CEO of National, in a prepared statement. The PLA is a direct result of the project being partially funded by multiple building trades union pension funds, which will be managed by National Real Estate Advisors.Ĭleveland-based Midwest Development Partners, along with National Real Estate Advisors and the acquisition and development firm White Oak Realty Partners, partnered together for the $75 million project. Area leaders officially broke ground on July 29 at the new Artisan Circle Square building in Cleveland’s University Circle neighborhood, which will be built under a Project Labor Agreement.
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![]() A lighted instrument called an otoscope will be used to look at the ears, throats, and the nasal passage. ![]() The ear infection diagnosis can be made based on the symptoms description and an exam. Children that have cleft palate symptoms may result in ear infections as their bone and muscle structures have made it hard for the eustachian tube to drain its fluid.Ear infections are more commonly found with Alaskan Native heritage.Those who are exposed to poor air quality such as tobacco smoke or air pollution will have a higher risk of ear infections.Other seasonal factors like allergies during fall or winter tend to have a higher risk of developing ear infections when there are high pollen counts.Breast-fed babies are more likely to have fewer ear infections than babies who are being bottle-fed.Children that are in the group care setting are more likely to get colds and ear infections than those that stay at home, as they will be exposed to more infections and diseases.It also depends on the size and the shape of their eustachian tubes. Younger children (age 6 months - 2 years) are prone to have ear infections as their immune system is still developing.Chronic suppurative otitis media is an infection located in the ear that does not go away with regular treatments.This results in the children becoming vulnerable to new ear infections and could be causing hearing problems. Chronic otitis media with effusion is when some fluid remains in the middle ears without any bacteria or virus infections.It might occur due to the dysfunction or the blockage of the eustachian tubes. Otitis media with effusion is when there is a symptom of swelling or a liquid build up in the middle ear without any infections from bacteria or viruses or fluid that still persisted after infection had gone.There are also other related conditions within the middle ear that could be linked to an ear infection as well as those infections that produce similar problems in the middle ear. Eustachian tubes are small-sized tubes run between the middle ears, at the upper throat, and behind the nose. These illnesses cause symptoms like congestion or swelling of the nasal passages, throat, and eustachian tubes. If there is any evidence of fluid discharge, pus, or other bloody fluid from the ears, you also need to consult a doctor as it can imply a vast number of conditions.īacterium or virus is the cause of ear infection and it usually will be the result of illnesses such as cold, flu, or allergy. Prompt treatment is also needed if the ear pain is severe or the symptoms cause irritation to your child after a cold or other upper respiratory infection. You need to contact your child doctor to get a proper diagnosis if these mentioned symptoms last more than a day or if the symptoms occur with a child age 6 months or less. Ear discharge, headache, or decreased appetite are also common symptoms of ear infections in children.Īs for adults, common visible signs and symptoms are ear pain, ear discharge, or trouble hearing. ![]() The child may encounter trouble hearing or having trouble responding to sounds, unsteadiness, fever of 38 C (100 F), or more. For children, it may include ear pain, ear pulling or tugging, trouble in sleeping, fussiness, and excessive crying. Signs and symptoms of an ear infection usually develop rapidly and vary in children and adults. Multiple ear infections can lead to hearing problems and other complications. Most treatment for ear infection tends to be ways to manage the pain and monitor the problem as ear infections usually will resolve on their own. It is more common for children to be infected with an ear infection than adults. It is an area with an air-filled space behind the eardrum. All fountains have a recirculating pump, so if you get an adjustable one, you’re sure to find a sound level that’s soothing.Acute otitis media is an ear infection that occurs in the middle ear. “The sound of rushing water might be inviting when guests arrive, but you don’t want to have to yell over the din at dinner,” says Glassman, who designed the wall and water feature shown here. Michael Glassman, a landscape designer in Sacramento, California, warns that it’s possible for a fountain to be too loud, which is just as disruptive as the noise you’re trying to hide. Keep in mind that flowing water becomes louder the farther it falls and the more tiers it travels over. These range from off-the-shelf, plug-in units that sit on a table or hang on the wall to custom designs that become a major focal point. In such cases, adding a fountain to your privacy plan can mask unwanted sounds with pleasant white noise. Or you may be bothered by intrusive traffic noise or buzzing AC compressors. Even if you’re not literally seeing eye to eye with the neighbors, you might still be close enough to hear their conversation. ![]() ![]() ("Wittering's Final Innings") Vincent suddenly speaks up and says he will take Wittering's place. The Earl laments the bad day for Headingley. Headingley CC needs 10 more runs to win, but there is no one to take Wittering's place alongside Donald. Wittering has been injured and can no longer continue in the game. Vincent and Emma's conversation is cut off by a scream. Vincent turns to Emma for sympathy, but she accuses him of deceiving her and getting her into trouble with her father. The Earl is a powerful member of the Jockey Club, and bans Vincent from all racing events for life. Vincent tries to speak, but the Earl turns his attention, and wrath, onto him. Because of Emma's gambling debts, the Earl has lost his reputation and is in financial distress. ![]() The Earl, however, lets fly at Emma and Vincent. ("Fools Like Me")ĭonald and the cricketers return to the game after the interval, but Donald ignores Emma. She blames herself, and doesn't see how anyone will ever love her again. Not only has she lost all of her money, but she has lost Donald as well. ![]() ("All I Ask of Life")ĭuring the tea interval, Emma returns, dejected, feeling Vincent has deceived her. As he lies dazed on the ground, lines from various people and various moments of the game bombard him – Winston, Emma, Vincent, his team. But he has been hit a few times during the song, and is suddenly levelled. He's hurt and truly torn – does he stay and bat to help his team win and lose Emma, or does he leave and try to get her back? In the end, sportsmanship prevails: Donald cannot let his team down. While Donald is batting, he sees Emma leave with Vincent. Packer, sings about how wonderful it is to be able to hit batsmen when they miss – and he injures several batsmen during the course of the song. ("The Sport of Kings") The opposing team's fast bowler, Winston B. Emma is reluctant at first, but decides that maybe Vincent is right, and runs off with him. Vincent, who is devoted to horse races, overhears Emma, and offers his own rather self-interested solution: leaving for the races in lieu of the cricket match. She feels that she will be forever secondary in Donald's eyes until he retires from cricket. Emma loves Donald, but she thinks he neglects her somewhat for his cricket playing, and she wants more time together. And at the moment, even though he is Emma's father, the Earl is more approving of Donald than of Emma, because he feels his daughter is not supportive enough of Donald's cricketing. ("The Summer Game")Įmma intends to marry Headingley player Donald Hobbs. The Earl and the cricketers sing the praises of cricket. The game is watched by the Earl of Headingley, his daughter Emma Kirkstall-Lane, and Vincent St. The show begins during a match of Headingley Cricket Club. He and Lloyd Webber created a 30-minute tongue-in-cheek "musicalette" for the Queen.Īs with Lloyd Webber and Rice's previous musicals, Cricket is sung-through, with little spoken dialogue. Rice used actual cricket-related names for his characters, boosting the light-hearted feeling of the piece. The game of cricket was Tim Rice's favourite pastime – he had a cricket field on the grounds of his home and had his own cricket team – and Rice had a particular passion for this new comic musical about England's national sport. Prince Edward, the Queen's youngest son, commissioned a short musical from Lloyd Webber and Rice for his mother's 60th birthday celebration. They did not work together again until the request for this pièce d'occasion came up, and Cricket ended up being their final original musical. No commercial recording has been made.Ĭricket is, to date, the final original musical written by the team of Lloyd Webber and Rice.Īfter their collaboration on Evita in 1978, composer Andrew Lloyd Webber and lyricist Tim Rice took what was originally intended to be a temporary break from their theatrical partnership. It was commissioned for Queen Elizabeth's 60th birthday celebration, and was first performed at Windsor Castle on 18 June 1986.Ī lighthearted, tongue-in-cheek show running 30 minutes, its plot was set against the backdrop of the semi-fictional Headingley Cricket Club, whose star player, Donald, is torn between his team and his girlfriend Emma – as she decides to abandon watching cricket for what appears to be a far more exciting life at the race track with the caddish Vincent.Īfter its premiere for the Queen, as well as a pair of follow-up performances, the musical was shelved several tunes were later re-used for the musicals Aspects of Love and Sunset Boulevard. Cricket, also called Cricket (Hearts and Wickets), is a short musical with music by Andrew Lloyd Webber, and lyrics and book by Tim Rice. Sexy Boxer Costume Premium T-shirt Naughty Boxer Girl Costume for Halloween Check prices and comparison shop for the best deal with the following complete kits.īoxer Girl Costume Sexy Knockout Boxer Instant Costume Kit This is my Costume I’m Really A Sexy Boxer T-shirts Sexy Rocky Boxing Costume Fun Couples Boxing Themed Costumesĭo you have a date for the holiday? Here are fun costume kits from several costume retailers from across the internet. Grab a date and get in the ring for the main event of the evening! Here are Sexy Boxer Halloween Costumes for men and women. Sexy Boxer Adult Role Play Costume Get ‘Em Champ Sexy Boxer Costume Dreamgirl Women’s Knockout Everlast Boxer Chick Sexy Contender Boxer Babe Costume Plus Size Sexy Boxer Girl Costume Ladies Sexy Pink Boxer Girl Costume Sexy Girl Boxer Costume Boxer Halloween Costumes for Him or Her ![]() You can be a sexy boxer girl for an adults Halloween party, or just let your wild side out at home and dress up for your man! Step in the ring for lightweight boxing action when you dress up as a boxer this year for Halloween. The best boxer Halloween costumes from Amazon are here. Here is everything you need to dress up as a cute boxer girl or even boxing guy in case you have a date! Throw your best punch and knock them out in round one. Click on the images below to see more details about each costume. Some also include a matching top and shorts. These cute boxer Halloween costumes includes the boxing gloves and a robe. ![]() Let your wild side out in a sexy knockouts boxer girl outfit. I have featured costumes for women and men who want to dress up and put a little spice in their life! These boxer Halloween costumes are a great idea for costume parties. ![]() Here are sexy boxer Halloween costumes for women and men. Do you enjoy getting in the ring and knocking out your opponent? Perhaps a boxing costume is just what you need for Halloween. ![]() Nothing no pirate gold or Templar gold has turned up so far and five more people dyed in the process. Since then a number of treasure hunters, using more advanced technology to see what’s under. ![]() The second was the Old Gold Salvage group of 1909, which included future President Franklin Delano Roosevelt. The first professional excavation took place in 1861 under the auspices of a company called “ The Oak Island Association.” This excavation was when the first death took place when a pump engine boiler burst. But despite the boys’ discovery of the Money Pit, there was no report of any treasure discovery until Daniel McGinnis’ account appeared in print in 1857. Word of mouth had been going around for a while that there was a treasure (usually, according to legend Captain Kidd) somewhere on the island. Indeed, the three young men, Daniel McGinnis and two friends, all became somewhat mysteriously affluent later in life. Some, however, believe that the two teenage friends who found the Money Pit simply made off with the treasure underneath. It was in 1795 that three teenagers found the famed “Money Pit,” a shaft in the ground that was later the center of exploration for gold. The island had been a pirate cove for years prior to the discovery of the rock. When deciphered, the rock read “ten feet below two million lies buried.” Some 90 feet below the surface there was a stone with a coded inscription. It was during an early expedition that the legend of treasure underneath Oak Island first came to light. Other theories include Aztec gold or Freemason artifacts are other theories about what lies hidden beneath Oak Island. The treasures of historical giants like Marie Antoinette or William Shakespeare might be buried on the island. Others say that the Cathars or Knights Templar’s treasures ended up there. Some say that it’s the treasures of Captain Kidd, Blackbeard, or Sir Francis Drake. There are a number of theories of what is lurking around Oak Island, most of them rather fantastic. What’s everyone looking for? The thing is, no one is entirely sure. So far, six men have died digging treasure on Oak Island, meaning that, according to legend, there’s only one man left to die until the big treasure is unveiled. The curse says that seven men will die in their quest to unearth whatever the ultimate treasure of Oak Island is. The Curse of Oak Island originated about a century ago, but no one is entirely sure where. But one thing we know - people won’t stop looking for something down there, despite an alleged curse. Some say it’s pirate treasure, others say it’s the Ark of the Covenant or the Holy Grail. Oak Island, Nova Scotia is said to be filled with treasures hidden underneath the ground, waiting to be discovered. ![]() Which means you can easily take a dip during cold Michigan winters.The Curse of Oak Island centers around the Oak Island mystery. Two of those bedrooms are found on the bottom level, which also includes a second kitchen and a pool and spa. There are four bedrooms and 5.5 bathrooms, all of which feature a different style. The kitchen is definitely something else, with futuristic Snaidero cabinets in a lilac shade, speckled slate countertops, and Miele appliances. It’s a work of art, and it shows in the chandeliers, tiles, floors, and finishes. These unique details make the mansion feel special. From the front doors to the finishes in the living spaces to the spiral staircase to the sleek kitchen, everything was custom-built. The 5,048-square-foot property is covered in windows, which means incredible West Bay views from any room.Īnd custom might be an understatement when describing this estate. The waterfront home doesn’t boast a chest of gold coins and jewels, but it’s special in its own right. VW and Audi customers may also be eligible for reimbursement for repairs or replacements of failed primary engine water pumps within 10 years or 100,000 miles. But the percentage of the cost will depend on how many miles are on the vehicle. The extended warranty will also include a percentage of the cost of repair or replacement of a damaged engine if the damage was caused directly by a failed engine water pump. The owner must provide proof the maintenance schedule was followed within a variance of 10% of the scheduled time/mileage requirements during the time they owned or leased the vehicle. This means an owner must prove they used the correct specification of coolant fluid that was directly recommended by Volkswagen. However, the owner must submit to the dealer proof the vehicle was maintained according to the owner's manual maintenance schedule relevant to the cooling system. ![]() Volkswagen is extending its new vehicle warranties to cover repairs or replacements of failed primary engine water pumps during a period of 10 years or 100,000 miles from the in-service date of the vehicles. Volkswagen denies the claims and maintains the water pumps work correctly and are not defective. Vehicles with manual transmissions will allegedly suffer from drive wheels that lock and cause control problems. The lawsuit alleges engine water pump failures cost between $900 and $1,200 to replace the pumps.Īn overheated engine will run rough and stall, destroying the engine components. The water pump allegedly should last the serviceable life of the vehicle that is in excess of 120,000 miles, yet the engine water pumps allegedly fail at less than 50% of their reasonably expected useful life.Īfter experiencing a failure of the water pump and engine overheating, other engine components such as the head gasket and cylinder head are damaged. In addition, the vehicles included owner's manuals and warranty information that didn't mention anything about water pump maintenance. The vehicles are allegedly defective because of the water pumps that cause a loss of coolant and overheated engines that lead to total engine failures. ![]() ![]() According to the lawsuit, the pump consists of the thermoplastic water pump module that includes the water pump, thermostat and integrated sensors. The VW water pump class action was filed over the primary engine water pump driven off one of the balance shafts, not the electric auxiliary water pump. Volkswagen and Audi engine water pumps allegedly fail and cause the engines to fail.Ī VW water pump class action settlement has been reached for these Volkswagen and Audi vehicles equipped with 2-liter EA888 TSI or TFSI turbocharged four-cylinder multi-valve engines with codes CCTA, CAEB, CAED and CBFA. ![]() From equation 2, it shows that the totalįluid head will remain constant under the conditions as mentioned earlier. These values are obtained by dividing equation 1 by g which is the gravitational acceleration.Ģ□ + □ □□ + ℎ= □□□□□□□□ □□(□) The total fluid head is the sum of velocity head, static pressure head and potential U is the velocity of fluid flow, p is the static pressure of fluid, □ is the density of fluid, h is the It is written as shown in Equation 1 below. The principle can be explained by Bernoulli’s equation which was derived from the law ofĬonservation of total energy of a fluid. The steady-flowing fluid is adiabatic, incompressible, frictionless and non-viscous (Khan, 2018). However, it is only valid under the assumption that Increase with a decrease in the velocity of fluid. Simultaneously with a decrease in pressure (E. Principle states that an increase in the velocity of an inviscid and incompressible fluid occurs ![]() When the flowrate is low as less energy is lost due to friction or separation flow of flowing fluid.īernoulli’s theorem relates the pressure, velocity and elevation in a moving fluid. However, the Bernoulli’s equation is most ideal Valid in practice as the total energy of the steady-flowing fluid in a Venturi tube was not conserved.Įnergy loss cannot be prevented in any flow rates. These results showed that the Bernoulli equation was not Venturi tube were plotted in order to make a comparison. Graphs of total head calculated and total head readings of each flow rate against positions in the The experiment was carried out in three different flow rates. The total energy of a fluid at steady state in the Venturi tube is conserved. According to Bernoulli’s equation, it states that The objective of this experiment is to investigate the validity of the Bernoulli’s equation whenĪpplied to the steady flow of water in a Venturi tube. ![]() We aim to reinvent the image of supportive footwear for women - making it stylish, versatile and comfortable. Each shoe features a footbed that enhances optimal foot posture, aiding to whole body alignment and reducing the stress and strain caused by a flat-soled shoe. Our focus is to create timeless footwear that is beneficial to your health. ![]() Our footwear is designed with the same amount of support you would wish to find in any off-the-shelf orthotic. At Sécra Shoes we aim to reinvent the image of supportive footwear for women - making it stylish, versatile and comfortable. ![]() If you have multiple practices or stores, then each of those practices is entitled to one. Please note that to take advantage of our freestand offer you must have spent 350 or more on flip flop orders with Archies Footwear. FREE SHIPPING when ordering two or more pairs. As part of being an Archies Flip Flops stockist, you are entitled to one free stand with free shipping per practice. We focus on creating stunning footwear that is beneficial to your health. Archies Arch Support Flip Flops are an alternative to regular flat Flip Flops, currently available in Black, Navy, White, Coral, Mint, and Sky Blue. It was clear that comfortable, supportive footwear had become a necessity for his customers and the demand for a brand like Sécra could no longer be ignored.Īfter many conversations with friends, family and customers, Daniel decided to take a leap into the women's footwear industry, creating the timeless styles you see today.Īt Sécra, we have partnered with world-leading shoe manufacturers to bring you the most captivating and comfortable footwear collection in the market. Our founder, Daniel Jones, set out on a mission in 2018 to create supportive footwear for women that complimented any style.ĭaniel is an advocate for comfortable and supportive footwear, sharing his knowledge as a physiotherapist to the world through his leading arch support flip flop brand, Archies Footwear.Īs Archies Footwear grew, Daniel was inundated with pleas from women around the globe who desired stylish footwear with arch support. ![]() Check with your local retailers for their final price and availability. The JVC DLA-Z1 projector, THX Certified 4K Display features JVCs cutting edge technologies to deliver exquisite native 4K high dynamic range (HDR) images. The projector uses advanced ALPD 3.0 display technology, allowing you to. Prices, promotions, and availability may vary by model, store, and online. The Xiaomi Mi 4k Laser Projector 150 is a great choice for creating a home theater. Sony VPLXW5000ES 4K UHD Laser Home Theater Projector with Native 4K SXRD Panel 2000 Lumens - Black. This is one of the best ultra short throw projectors out there, with 100 projection size at 8.7 projection distance. 8.3 million pixels project beautiful images in sharp detail. Actual features, functionality, and other product specifications may differ and are subject to change without notice. The BenQ V7050i 4K Laser projector makes viewing in lit rooms a pleasure, thanks to the 2500 ANSI lumens. It’s capable of producing a high quality image in 4K resolution, and its cutting-edge laser technology delivers a cinema-like. Images may be simulated and dramatized for illustrative purposes. Samsung Premier smart laser projector 3,000, was 3,500. iOS Screen Share supported via LG TV Plus App. Epson Pro Cinema LS12000 4K PRO-UHD Laser Projector, HDR, HDR10+, 2700 lumens, UltraBlack, HDMI 2. ![]() Wireless connectivity supports devices running Android and Windows operating systems. Some features require 3rd party service subscription.ĦStandard connectivity options: ports for USB, Ethernet, and HDMI. Massive 80150 picture Your own private movie theater right in your homeThe Mi Laser Projector 4K can be placed on top of a TV cabinet to project 80150 extra. Silver Ticket Products STR Series 6 Piece Home Theater Fixed Frame 4K / 8K Ultra HD, HDTV, HDR & Active 3D Movie Projection Screen, 16:9 Format, 120' Diagonal, White Material STR-169120. Discover the LG HU85LA 4K UHD Laser Smart Home Theater CineBeam Projector.ġXPR Technology is based on Texas Instruments' 4K/UHD DLP technology that helps projectors to achieve true 4K resolution with 8.3 million pixels.ĢCompared to previous generations of projectors that use a color wheel.ģCompared to previous generations of projectors that use a color wheel.ĤCompared to previous generations of LG projectors.ĥService limited to certain languages. This item: Sony 4K HDR Laser Home Theater Video Projector (VPLVW995ES) 21,65006. I'm Mary Childs, and today I am joined by Katherine Doherty from Bloomberg News, who reported the bejesus out of this story. And if there's one thing a bank should do, if banks have one existential imperative, it is to keep money - to not accidentally give it away.ĬHILDS: Hello, and welcome to PLANET MONEY. ![]() Revlon doesn't have $900 million sitting in cash at Citibank. So the full balance of the loan - repaid by mistake three years early.ĭOHERTY: The six eyes had missed checking two little boxes. Every lender had gotten repaid their share. The entire $900 million had been sent to the lenders. And he's like, the $900 million that we had to fake pay off yesterday - bad news. The guy in Delaware chats his supervisor. There go the payments - all done.ĬHILDS: And then the next morning at 9 am, the contractor in India is looking over the bank's transactions from the day before, as usual, when suddenly he's like, oh, no. He gets a little automated warning on his computer screen that says funds will be sent out of the bank. So the second guy checks it, Delaware guy checks it, and he says, looks good. So just to be clear, he is checking boxes to sort of pretend to send $900 million, but he's actually sending just a few million dollars. And Citibank software is really jenky (ph), so basically the only way to complete the wonky transaction is to sort of momentarily trick the software into thinking that Revlon has repaid the entire loan.ĭOHERTY: So the first set of eyes, the guy in India, carefully checks the special box to fake pay off that whole loan to real send the payment. It's a complicated, multi-step transaction. Three people, six eyes.ĬHILDS: Today's payment is not a normal one. ![]() Then another guy, also in India, checks his work and then our guy in Delaware approves it. First, a contractor in India manually enters the payment information. So every few months, Citibank sends a couple million dollars from Revlon to the lenders, the people that lent Revlon money.ĭOHERTY: Our guy in Delaware is but two eyes in what Citibank calls its six eyes approval process. Revlon borrowed money in 2016 and has to make periodic interest payments on that loan until 2023. Money trundling along from borrower to lender or lender to borrower.ĬHILDS: And on August 11, they're supposed to send out a payment on behalf of Revlon, the makeup company. So that's this guy's job - check the right boxes, approve the payments, off it goes. Like, when a company makes interest payments to its lenders, Citibank helps move that money. So sometimes when lenders have lent money to a company, they'll pay Citibank to just administer the loan - to oversee it. KATHERINE DOHERTY: Because sometimes banks loan money to people or businesses, but other times they basically just babysit other people's loans. On any given day, he and a team oversee millions and millions and millions of dollars moving through the bank's pipes. And it all starts with this one guy in Delaware. Last summer, one of the biggest banks in the universe made one of the biggest mistakes in the universe. SYLVIE DOUGLIS, BYLINE: This is PLANET MONEY from NPR. |
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