Word: eral
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Dates: during 1980-1989
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...sale clauses for them. In the battered thrift industry, the decision is a welcome break that will prevent substantial losses. More important, improved cash flow for S and Ls should increase the amount of mortgage money available and eventually maybe even lower interest rates a bit. Mortgages from fed eral S and Ls that were passed along with their consent before the court's decision probably cannot be called in, and the decision does not apply to commercial banks or other lenders. But for many home buyers and sellers in the immediate future, one of the few ways...
...Corporation (LSC), the independent federal agency that provides 85% of the money spent by legal services groups across the U.S. But last week his nemesis once more ducked the federal blow. Acting on a bill that had already passed the House, the Senate cleared the way for continued fed eral support of legal services, although it cut 1982 funding by 25% to $241 million...
...addition, the Reagan group has been embarrassed by misunderstandings on the part of foreign emissaries who over-anxiously try to predict the new Administration's policies. For example, after sev eral meetings with Reagan advisers, a group of El Salvadoran businessmen went home with the erroneous impression that Reagan had decided to send military aid to help their nation's centrist government fight leftist guerrillas. To prevent further miscues, Allen warned Reagan's 120 defense and foreign policy advisers to be cautious in their conversations with reporters and visitors from overseas...
...eral Texas oil companies may have discovered a clever new way of saving millions of dollars in taxes on their gushers. The scheme involves transferring the ownership of old oil and gas wells to trusts that are held directly by the company's shareholders rather than by the firm itself. The advantage of the transfer is that company profits are normally taxed twice: first as earnings of the firm and then as dividends to individual shareholders. But payouts from trust funds are taxed only as personal income to the recipients, thus eliminating any corporate levy...
Armed with a metal detector, and counseled by his daughter's history schoolbook, a 38-year-old Irish building contractor set out to search for buried trea sure in County Tipperary. Near the town of Killenaule, not far from the ruins of sev eral medieval monasteries, and barely a foot below the surface of a bog, he made an astonishing discovery: a complete set of Communion vessels dating from the 8th or early 9th century. The choicest piece was a two-handled silver chalice, 8 in. high and ornamented with gold filigree and amber studs. With it, the contractor...