Word: loan
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Dates: during 1980-1989
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...first nobody noticed how much had disappeared because heists in high places occur without ski masks or guns. But now the House Banking Committee, the thousands of duped bondholders and the public have caught on: to the empty vault at California's Lincoln Savings and Loan, to the perfidy of its owner Charles Keating and to the complicity of the Government. Says Banking Committee member Jim Leach of Iowa: "Keating is at fault because he is a bank robber, but we in Washington made it, in part, a legal bank robbery...
...City will take out a 10-year, $6.4 million loan to buy the building housing a neighborhood clinic affiliated with Cambridge Hospital...
...usual, King's prose is fast, simple and sloppy. He has young Beaumont in 1960 use the current slang "get off on," meaning enjoy, and lets an elderly English professor say he will "loan" the hero a car (old pedants say "lend"). The climax has the brutish Stark absurdly trying to write another novel to keep his ectoplasm from sloughing away in rivulets of goo. Characterization is perfunctory, with an odd exception: Beaumont's eight- month-old twin babies are vividly and charmingly described. For King fans this may be the sort of thing that sustains the myth that...
Columbia University has initiated a $25 million fellowship program to provide research internships for minority undergraduates and to fund their graduate studies. Columbia has also adopted a loan forgiveness program, under which minority students will find it less costly to go on to graduate school. Why isn't Harvard doing anything like that...
...deal was the second to diversify Rockefeller holdings since 1985, when the group issued a $1.3 billion mortgage on Rockefeller Center to outside investors. The mortgage holders can convert the loan into a 71.5% equity stake in twelve of Rockefeller Center's buildings in the year 2000. If the holders execute that option, Mitsubishi Estate's ownership in the storied center will slip into minority status -- and any fears that the towering Christmas tree in Rockefeller Center will be replaced by a tiny bonsai plant in Mitsubishi Center will prove to have been misplaced...