Word: loaned
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Dates: during 1970-1979
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...collection of the Japanese imperial household has been one of the least accessible in the world. Very few commoners, and even fewer foreigners, have entered the precincts within the moated palace in the center of Tokyo where it is kept. Although items from the imperial collections have gone on loan to Japanese museums, a representative selection has never been shown. But when Emperor Hirohito makes his visit to the U.S. next month, he will be the first Japanese-monarch to set foot on American soil; as a gesture of good will, 35 of his paintings, screens and objets...
Free Decals. There are also, of course, Bicentennial promotions run by companies that figure to gain nothing more than good will. Philadelphia's Olney Federal Savings & Loan is running a series of ads honoring Revolutionary women. Chase Manhattan Bank has put up $100,000 to help finance an exhibit called "200 Years of American Sculpture" that will open at New York's Whitney Museum next March. IBM has offered $500,000 to help pay for a multimedia exhibit, "The World of Franklin and Jefferson," that is now touring Europe. But these projects are vastly outnumbered by the kind...
When the FHA was created in the depths of the Depression in 1934, its mission was to stimulate the moribund residential-construction industry by guaranteeing Government repayment of loans made to home buyers. For the next three decades, the agency pursued a conservative policy of backing mortgages almost exclusively in low-risk, middle and a few high-income neighborhoods. But during the late 1960s, after fiery rioting erupted in the ghettos of many U.S. cities, FHA'S policy changed. The Housing and Urban Development Act, passed by Congress in 1968, authorized the agency to help poorly housed low-income...
Over the past four years, major scandals involving FHA loans have been uncovered in 20 cities across the U.S. The latest is Chicago, where the Tribune recently turned up dozens of cases of mortgage shenanigans that have cost the Government millions of dollars. Often, real estate dealers would lure a low-income family into buying a ghetto house, perhaps by putting up part of the down payment. The company would then secure FHA insurance for the mortgage on the house, typically based on an unrealistically high appraisal that inattentive FHA officials did not question. After the financially strapped tenant...
Applicants for a personal loan from New York's First National City Bank have something of a shock in store: the new standard loan contract is written in language they can easily understand. The simple one-page document-one-third as long as its predecessor-spells out the bank's and borrower's obligations in relaxed you and I terms with nary a hereinafter to get in the way. And Citibank is not alone (see box). Anxious to stimulate business, banks and insurance companies alike are hastening to switch from the old long-winded fine print...