Word: interest
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Dates: during 1960-1969
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About Face. Burger not only specifically ordered WLBT's license "vacated forthwith" but generally scolded the FCC for showing a prejudice in favor of established broadcasters and "profound hostility" to public-interest groups contesting license renewals. "Broadcasters," ruled Burger, "are temporary permittees - fiduciaries - of a great public resource, and they must meet the highest standards which are embraced in the public-interest concept...
...mailboxes crammed with unsolicited applications for bank credit cards that promise, among many other things, instant loans of up to $500. The card craze has spread as banks have intensified attempts to expand in the consumer credit field, which can be enormously profitable. Banks often earn a true annual interest of 18% on merchandise charged on the credit cards, and 12% to 24% on the "instant money" that a customer can borrow upon presenting his card at the bank...
...monthly carrying charges are the cream of the business. Success for the banks depends on wide circulation of the cards among people who will use them to finance big-ticket purchases. Customers are assessed no fee if they pay their bills to the bank within 30 days; thereafter, the interest mounts at 1½ % a month. Thus the bankers expect to get most of their profits from people who do not pay punctually...
...filling station. Powell thought that idea would appeal particularly to Negroes, many of whom could use the extra merchandise to satisfy basic needs. With that in mind, he started a black-owned business that is trying something relatively new, and the large white-owned stamp companies are watching with interest...
...Continental get routes from the East Coast through the Southwest to Micronesia, Australia and New Zealand. Last week Nixon again vetoed the award to Continental. He strongly suggested that the South Pacific route will go instead to financially troubled Eastern Air Lines, in which Laurance Rockefeller holds a substantial interest...