Word: generous
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Compared with New York City, which has 525,000 people in 170,000 units, Chicago had runaway deficits ($42 per unit per month, vs. $4 in New York) despite receiving more generous federal subsidies ($131 vs. $112). The study found that costs for heating, elevator repairs and garbage disposal were excessive, and that $50 million in modernization funds was sitting in local bank accounts earning low interest. HUD Under Secretary Donald Hovde demanded the resignation of all five CHA commissioners, including the chairman, powerful Realtor Charles Swibel, one of the mayor's closest allies. Swibel, 55, was appointed...
...October 1980 ousted a leftist government, proudly ticked off signs of Jamaica's economic revival: positive economic growth after eight years of slump; the first foreign-exchange surplus since 1974; lower inflation; slightly less unemployment. He gave full credit to U.S. aid, which under Reagan has been generous indeed. Jamaica (pop. 2,250,000) now ranks fourth in the world in American aid per capita; only Israel, Egypt and El Salvador get more...
...Austin consulting firm, indicated that only 48% of U.S. banks have adopted maintenance charges for credit cards. More than 80% of the banks impose no fees on small savings accounts, and 75% offer free checking to senior citizens. Smaller banks are still looking for little ways to be generous. The Princeton Bank in New Jersey, for example, not only offers lollipops for children but also, at one drive-in branch, gives dog biscuits to their pets...
...Olympic meet, and it is here that Towne cups out in the name of truth, justice and the American way. Enter former Olympic medalist Kenny Moore, as a handsome jock who sets out to rescue Chris from her very own fate-worse-than-death. He's kind, generous, considerate--probably one of the nicest, handsome jocks she's ever met--and the two soon find themselves in love...
Some other such moves are afoot. The President last week unveiled his plan to create over the next three years up to 75 "enterprise zones" in blighted areas. The idea is to revitalize decaying neighborhoods by offering generous tax breaks to employers who set up shop there and hire disadvantaged residents. Dropped from this job-stimulus proposal was an early suggestion that employers in these zones might be allowed to pay subminimum wages and gain exemption from health and safety regulations, two ideas that are favored by some conservatives but might have cost support in Congress...