Word: loaned
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Dates: during 1970-1979
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Although the bank does not currently extend loans to the South African government or its agencies, the bank's policy statement says it will continue to loan to the government or other agencies if it believes the loan would benefit all segments of South African society...
Harris has voiced policy peeves vehemently before, involving such matters as housing-loan practices of the Federal National Mortgage Association and the White House position on the Bakke case. The Administration is known to have been none too happy about her outspokenness. Yet she is unrepentant about her bout with...
What had made the shelters particularly fetching was that in most instances the investors had to put up only a small amount of their own cash. As a partnership they often borrowed the rest on a "nonrecourse" loan, paper for which the partners are not personally liable. If the notes were defaulted, the lender got the property, and the investors got their writeoffs from depreciation and had no worry about being sued for leftover debt...
Example: ten partners join in acquiring an executive jet for $2 million. Each of the ten puts up $200,000, of which three-quarters is borrowed money. The first year alone they can pile up deductions for accelerated depreciation and interest on personal loan debt, as well as a 10% investment tax credit. For each partner, that can work out to a $20,000 direct tax credit, plus a minimum of $80,000 in deductions. In a few more years the partners can recoup all their original investment in tax breaks despite having to pay a levy on income from...
Preusser suggests that the University could have reduced the plan's impact on Cambridge by also extending the housing loans to ten nearby communities. But according to O'Brien, such an expansion would defeat the loan program's goal of keeping faculty members near students...