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...Atlantic, converted a brick-and-stone barn into a boatshop and sail loft and launched the WoodenBoat School. In its maiden year, the school offered only a few basic courses, attracting some 60 students. This year the curriculum has expanded to 18 courses and enrollment is expected to exceed 80 students before the school closes its doors at the end of this week. For tuition of around $300 a week, which includes housing and home-cooked meals at the rambling frame house that serves as the school's dormitory, students can spend from one to three weeks studying such...
...Knapp aggressively marketed fixed-rate mortgages at about 12.5% in the expectation of making big profits when interest rates fell. Instead, they rose slightly in the second quarter, putting the squeeze on F.C.A. To make matters worse, Knapp had permitted large institutional investments, many of which have deposits that exceed the $100,000 limit on accounts insured by the Federal Savings & Loan Insurance Corporation, to make up some 49% of the company's total deposit base. As Knapp's mortgage strategy soured, institutional investors began to flee, fearful about the safety of their uninsured deposits. The size...
...young children." He added, moreover, that "recent evidence shows that adverse health effects from lead exposure may occur at much lower levels than heretofore considered safe." Ruckelshaus estimated that the ruling would lower by nearly 50% the number of children with levels of lead in their blood that exceed U.S. health standards. He said the affected youngsters would be reduced from 97,000 at present...
While Lewis may try to exceed 29 ft., El Khouri hopes to reach 25 ft. "Lewis will be too tough in the 100 meters and the long jump," says Gus Young, a Jamaican who lives in The Bronx and runs for North Carolina State, "and he'll have to be kept jumping a while to lose the 200. But we can beat him and the U.S. in the relay." Gus sounds absolutely convinced...
...vote of 3 to 2, the commissioners recommended that the President impose sweeping new quotas and tariffs to protect many kinds of American steel products from foreign competition. In the case of semifinished steel, for example, the ITC suggested that a 20% tariff should be levied if imports exceed 1.5 million tons per year. Foreign shipments have captured about 26% of the American steel market. Trade experts estimate that the actions recommended by the ITC would keep imports at 15% to 20% of U.S. sales...