Word: arens
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Dates: during 1970-1979
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...There are so many reasons why people default on loans," Gibson said. "Sometimes they figure the government has plenty of money. Sometimes they are mad about something that happened while they were here, and they aren't going to pay no matter what," he added...
Where he does disagree with the other liberals is the proposed controls on condominiums, which he calls irresponsible. He says the issue is not a significant one because so few conversions take place and those that do aren't so damaging anyway...
...owners, not the tenants who stand to suffer from housing problems in Cambridge, Clinton claims. "I hear some complaints that small owners just aren't making it. Seven or eight say that they are going to convert [to condominiums]--energy costs...
Condominium conversion, he claims, is a perfect example of liberal opportunism. "When the issue came before the council, liberals wanted to minimize condominium conversion because if they aren't converted there would be young students living in them who would vote liberal," Danehy charges. Needless to say, those who favor controls on conversions deny the motives ascribed to them...
...half as large as Wall Street had expected, and it only brings the discount rate closer to other interest rates that the board had pushed up earlier. Federal Reserve Governor Henry Wallich told TIME, "Quite honestly, this talk of a dispute has been greatly overdone. Believe me, there just aren't any profound disagreements...