Word: loaned
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Dates: during 1980-1989
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...people have a choice of taking a $7000 job or taking a loan of $2500, you are not going to be able to compete," said Richard M. Brunell, a student member of the Financial Aid Committee, which proposed the experimental program at Wednesday's Law Faculty meeting...
...addition, the faculty voted 27-16 to loan money for any low-paying summer job, not just public sector employment...
...company already had one remarkably successful entry in the field, Allstate Insurance. Founded in 1931 to sell automobile insurance by mail, Allstate is the most profitable Sears group. Through September this year, it earned $418.5 million on revenues of some $6 billion. Sears also owns Allstate Savings and Loan Association in California, with 87 branches; a San Francisco mortgage insurance firm, PMI; and Allstate Enterprises, which specializes in consumer loans. Brags Allstate Chairman Donald Craib: "We invented the wheel. It's been successful...
...combination of all the companies gives Sears enormous reach. Dean Witter, for instance, can sell federally insured money-market accounts through Allstate Savings and Loan. Coldwell, Banker has started offering discount coupons on Sears merchandise to home buyers in 28 states. Sears is considering the introduction of a universal credit card that will be able to handle any household financial transaction, from buying a pair of gloves to arranging a second mortgage. It also wants to acquire savings and loans or banks. Chairman Telling told stockholders in May: "We can greatly broaden the activities of our financial network and give...
...promote closer economic ties between the two nations. South Africa made an exception to its ordinarily strict investment regulations by allowing South African Jews to invest up to $60 million in Israel. More official economic ties were strengthened in 1980 when the apartheid government extended a $200 million loan to Israel and sold $25 million in Israeli bonds in South Africa...