Word: loan
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Dates: during 1960-1969
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Keating let it be known that he has only begun to fight. Denouncing the board meeting that ousted him as "illegal," he called a stockholders' meeting for May 8 to present his case. He also demanded the return of a $215,000 loan that he claims he made to Ramparts, threatens to go to court for the cash. "I put $860,000 into the magazine," Keating said on television, "and they threw me out like an old shoe. That's the history of Ramparts. When people are no longer financially important, out they...
They may soon change their ways. Moving boldly into a field that has belonged almost exclusively to pawnbrokers and loan sharks, who charge 30% to 100% interest, the Milan-based Banca d'America e d'ltalia, a subsidiary of the U.S. Bank of America, set up a small-loan program late in 1965. Its slogan: "Anyone who works can have credit." The cost of that credit is only 6% discount a year. And where loan sharks demand heavy collateral, the bank, for its one-year loans of up to $1,600, asks only for proof that the borrower...
Much of the construction is expected to involve rehabilitation--paid for by the residents themselves. For the first time, government-insured, low-interest bank loans may be made available in a ghetto area. One idea is to aid groups in setting up non-profit corporations to buy apartment houses; instead of paying rent to a landlord, a resident would pay a pro-rated share of the mortgage (plus a charge for maintenance services) and would wind up own apartment. The corporation could also seek money for rehabilitation, and split the payments on the loan among residents. Planners figure that...
...wrong way are electorally appealing: Ky's flamboyance in dress and dashing manner, his pilot's lean good looks and his beautiful wife. Moreover, Ky has, as Premier, been able to seed some key posts in the government with powerful supporters, such as Brigadier General Nguyen Ngoc Loan, chief of security and the political police...
...overseas business contacts to help modernize South Korea. Lee was forced to pay $4,400,000 in back income taxes and tax-evasion penalties, and his shares in three banks were confiscated by the Park administration. Now back in grace, Lee got $6,000,000 in government-backed loans to finance the fertilizer plant. The remainder of the money included a $43.9 million loan from Japan's Mitsui & Co. and a $1,000,000 investment by International Ore and Fertilizer Corp. of New York, which will market excess output abroad...