Word: defaulted
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Dates: during 1970-1979
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...than a million former students have not paid up, a default rate of about 16% (the rate for ordinary commercial loans is 2.6%). The cost to taxpayers: more than $ 1 billion...
Many of them were never billed, because the HEW computers were not working on their cases. Says Leo Kornfeld, a former computer executive hired by Califano to clean up the mess: "If a student was in default, we had no system for detecting it. He could even take out a second loan while in default on the first loan. We wouldn't know about...
Nations, and Vladimir Zinyakin, a member of the Soviet U.N. mission. The first two were charged with espionage and put in jail, where they remained last week in default of $2 million bail apiece. They face life imprisonment if convicted. Zinyakin, who has diplomatic immunity, may simply be sent home by the Soviets at the State Department's request. As is apt to happen in the spy business, the three had been doublecrossed by Ed, actually a loyal Navy officer who went along with the Russians to entrap them. His name is being withheld, but he may have...
...profitable for a newspaper to denounce "Son of Sam" or the Hillside Strangler than neighborhood supermarket pricing policies. Especially on ad-filled Thursdays. "My life in journalism has persuaded me that the press too often tries to guard its freedom by shirking its responsibility, and that this leads to default on both," he writes. "What the press in America needs is less inhibition, not more restraint...
...singles--H. Lauer (H) won by default...