Rep. Charles B. Rangel (D-N.Y.) did not know that the Caribbean resort villa he purchased 20 years ago was financed with a no-interest mortgage from the developer and has generated $75,000 in income that he should have reported on tax and financial disclosure forms, his lawyer said yesterday.
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Soaring costs could spell trouble for hotels and restaurants Airlines are retreating from South Florida, which could leave hotels and restaurants with fewer tourists this fall.