Viloria controlled the majority of the early and middle rounds, with hard right hands and crisp body shots, but following the 8th, Tamara turned the tides.
The challenger pressured Viloria, using a solid flurry of punches to wear down the 2000 US Olympian. Tamara, who displayed phenomenal stamina, almost forced the severely gassed Viloria into submission in round 11.
Knowing he would still need a knockout to claim the title, Tamara unloaded a barrage of punches and rocked Viloria’s in the opening minute of the final stanza. The spaghetti legged Viloria twice slipped to the canvas due to sheer exhaustion and made it back to his feet, hoping to somehow finish the fight. He wasn’t so lucky.
Viloria did all he could to try and survive, but a follow up assault by Tamara left him defenseless, forcing referee Bruce McTavish to stop the contest and crown a new world champion.
Tamara improves to 21-4 (15 KO’s), while Viloria returns home to Hawaii at 26-3 (15 KO’s). The victory also derails a scheduled
unification between Viloria and WBO champion Ivan Calderon.
For more New Jersey boxing news, go to www.gardenstatefightscene.com.
Giving credit where it’s undue? Firms target young customers. (Originated from Seattle Times)
Knight Ridder/Tribune News Service July 29, 1993 | Henderson, Diedtra SEATTLE _ Too young to drink, barely old enough to vote, 18-year-old high-school seniors also may be too young _ some parents and credit counselors say _ to be getting credit cards.
But graduating seniors are just the group being targeted by banks and card issuers. With nearly $30 billion in buying power, college undergraduates have long been an attractive market for credit-card providers.
Now institutions such as Citibank and Chase Manhattan see a natural “evolution” in their marketing strategy by wooing college-bound high-school graduates as well. here chase student loans
But Gerri Detweiler of Bankcard Holders of America says banks seeking younger credit customers is a “somewhat alarming” trend. Unlike college upperclassmen, freshmen are years away from solid employment.
“They have an extra two years to run up credit-card debt,” Detweiler said.
Some 118 Seattle-area students younger than 20 have sought credit counseling at Consumer Credit Counseling Service. An additional 1,569 college-aged people are in similarly dire straits, said Jim Fionnghael, of the Seattle-based company.
Last year, the group spoke about credit issues to nearly 9,000 students in King and Snohomish counties, Wash., schools, 10 to 30 percent of whom already had cards.
“The interesting thing is they understand primarily how it works, `I go in and charge things.’ And they’re postponing payment. But what they don’t realize is how much that inclines them to buy things they can’t afford,” Fionnghael said.
Susan Truscott of Seattle agrees.
Truscott found Sears charge-card-acceptance papers, directed to her 17-year-old daughter, in the mail.
“I keep an eye on the mail for things like that,” she said. “As a parent, you have to be a watchdog.” But credit-card companies believe college students stand a better chance of making higher wages. And they know the business axiom: Get clients early; you’ll keep them for much of their life. Cardholders keep their first credit card about 15 years, a credit trade journal says.
Young cardholders also default at a lower rate than the general population does, credit-card representatives say. College students behind by at least three months on credit payments accounted for less than 2 percent of 960,000 people who sought credit counseling in 1992. By comparison, 3.6 percent were families past due by 90 days, according to Credit Card News, a trade journal. Americans owed $263 billion at the end of April.
Some companies, such as Discover Card and VISA, have built name familiarity with youths by co-sponsoring an annual article for students about financial responsibility. Discover also offers $800,000 in scholarships to high-school juniors annually.
Chase Manhattan and Citibank have gone one further, sending direct-mail solicitations to a few thousand college-bound high-school seniors.
“We’re testing right now, on a really small scale, a credit card to college-bound seniors. But it’s strictly a test. The results are not in,” said Chase spokeswoman Amy Sudol.
Parents co-sign applications for Chase student cards with $500 credit limits. chasestudentloansnow.com chase student loans
Citibank said it sends credit applications after high-school seniors have graduated. Its campaign reaches “a negligible amount” of college-bound students, a spokeswoman said.
High-school seniors with no jobs can get a $500 credit line; those with part-time employment have an average credit limit of $900, said Maria Rullo, Citibank spokeswoman.
“It’s smart business for the banks to send them out,” said Jimmy Wu, 18, who started getting credit applications around graduation. The grad of Seattle’s Garfield High School will study business at the University of Pennsylvania. He’s applying for a Citibank Visa and a second card from his mom’s MasterCard account.
“Sometimes money’s hard to come by when you’re away,” Wu said. “It’s more convenient, if you need to buy books, to get it then and there instead of trying to call home.” But not every teen acts conservatively with credit.
Illinois just passed legislation requiring a parent’s signature on credit applications for those younger than 18. A 15-year-old there, employed part time at Taco Bell, racked up $1,000 in three days after he got a pre-approved card in the mail. The boy’s parents knew nothing about the unpaid bill until four years later, when the young man was rejected for a student loan.
Teen-agers, approached in area malls, covet credit. Those who don’t have access to a card wish they did. The plastic makes spending easy.
“You’re not seeing the money leave your hand right there,” said Jill Zugschwerdt, 22.
Zugschwerdt was 18 when she got a pre-approved Visa in the mail. Her credit limit, $2,500, was quickly exceeded. In the time it takes most to earn a college degree, Zugschwerdt gained control of her plastic power, now six cards with $6,000 in combined credit limits.
She’s missed payments only two months in nearly five years.
College undergraduates have proved themselves credit-worthy, said Stuart Himmelfarb, vice president of The Roper Organization, which conducts research on the young-adult market.
But Detweiler, of Bankcard Holders, suspects that parents pick up the tab when students can’t.
Some parents _ such as Sally Gustafson, incoming chief of the Washington state Attorney General’s Consumer Protection Division _ agree. Gustafson has tossed such applications in the trash with a laugh.
“Who do you think would end up paying for it?” Gustafson said. “When they go to college, the last thing on their minds is paying the bills.” Henderson, Diedtra
