Word: ballooned
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Dates: during 1980-1989
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Home buyers who shop around will find a bewildering array of other financing gimmicks. These include: ¶ The Short-Term Balloon. Popular in California, these loans base monthly payments on a 30-year schedule in order to keep them low, but they usually also demand repayment of 90% of the mortgage within three to five years. The loans are often used by people who think that they are going to be transferred in a few years or by couples uneasy about the durability of their marriage...
...home in Los Angeles with $1 10,000 earned on their old house, a first mortgage of $94,000 at 9.5% interest, a second one for $50,000 at 12%, and a third one from the seller for $41,000 at 15%. Then via a complex system of "balloon" payments, they were able to bring the actual interest rate down...
When Deng, in a 1978 interview, discussed Mao's inadequacies, he suggested that the old man had been 70% right and 30% wrong. Huang's assessment though lacking in specifics, follows that ratio, and Western diplomats in Peking last week interpreted the speech as a trial balloon. If those masses who visit the Tiananmen tomb do not accept the critique, the leadership will probably go a step further and reveal specific errors. If they do, the way should be clear for a sixth party plenum next summer at which Mao's place in history will be more...
...McGee starts investigating a pair of murders, he forgets his complaints long enough to provide high and exuberant entertainment. Initially, he inherits half of a sinister motorcycle shop. The other 50% is owned by an Indian girl called Mits. A renegade biker leads Travis to a drugged producer filming balloon races. On location, he narrowly escapes a mob attack on the crew-seems the technicians had been using local teenagers for a series of porno video tapes. Predictably, their leader, a villain named Dirty Bob, manages to slip through some elaborate defenses and tracks McGee to his opulent houseboat...
...Republican congressional leaders on Tuesday, he had to contend with two bits of bad news. The nonpartisan Congressional Budget Office had just predicted that federal spending might soar as much as $25 billion above Reagan's forecast for the next fiscal year, and that the deficit might consequently balloon to a record $70 billion, vs. $45 billion projected by the White House. Reason: the CBO doubted that inflation and interest rates will come down anywhere near as rapidly as the Administration expects. Partly because of this gloomy forecast, Republicans on the Senate Budget Committee agreed during a six-hour...