Word: allowable
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Dates: during 1970-1979
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...Housing Office, which formerly handled all transfers, was eliminated early this summer in an effort by Spence and Dean Fox to decentralize the housing system and make up for the inequality of the freshman lottery, Spence said. She added she hopes the new system will be more flexible and allow those who have good reasons to transfer...
...inflation at about 16%, last week devalued the krona by 10%, and is considering other austerity measures. The country also pulled out of the European monetary "snake," the collection of currencies tied to the West German mark, because Stockholm wanted to devalue the krona much more than snake rules allow. Because their economies are closely tied to Sweden's, Denmark and Norway felt obliged to devalue their own currencies by 5%, but neither followed Sweden out of the snake...
...become the hottest thing in cut-rate travel. At the same time, the scheduled lines have concluded that it is wise to show some willingness to compete on price now that Congress is considering a sweeping airline deregulation bill, sponsored by Senators Ted Kennedy and Howard Cannon, that would allow airlines more freedom in changing fares and make it easier for new airlines to start...
...California legislature is considering a bill that would allow graduated-payment mortgages and introduce several other ideas not now widely used. Among them: mortgage loans on which the householder would pay only interest the first year, deferring principal repayments until the second year; and "reverse annuity mortgages" that would sensibly permit retired people to borrow on the equity in a home and live, in it at the same time, with the loans to be repaid by their estates when they die. Whether such mortgages are permitted now is a tangled question of federal and state regulation; in any event, giving...
...Saudi Arabia has planted some 10 million tamarisk, acacia and eucalyptus trees to help keep the dunes from overwhelming its al-Hasa oasis near Hofuf. Taking a cue from the cattle drives of the old American West, seven Sahel nations are involved in a scheme, dubbed Solar, that would allow nomads to continue to raise cattle on marginal Sahelian rangeland. But when it comes time for fattening before marketing, the time when the cattle make their greatest inroads on pastureland vegetation, they will be marched to the wetter and hardier lands in the south...