Word: loans
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Dates: during 1950-1959
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...over two years ago, infused it with money and ambition. Its chief rival: Publisher Walter Annenberg's Inquirer. Last week, in the climax of a month-long barrage, the News's guns pounded not only at the Inquirer's circulation, but at alleged payroll padding and loan-shark operations within the paper itself...
...Turner, 54, was beaten to death one night on the Inquirer parking lot. Turner's own paper headlined the news of the killing briefly, then dropped it. The News fastened to the story like a limpet. It charged that Turner's death resulted from his fight against loan sharks, "believed to be minor executives" of the Inquirer who were battening on circulation employees. Moreover, trumpeted the News, Philadelphia police have said, off the record, that they know who Turner's murderer is. The tabloid clamored for action...
...fund for the family of the murdered truck driver. In the same issue the News ran an interview with District Attorney Victor Blanc. The district attorney charged that the motive in Turner's murder "involves payroll padding and padding of overtime pay on the Inquirer." Added Blanc: "The loan shark was a side issue, but we will go through that also. I hope we will be able to make an arrest before too many days-an arrest for an atrocious murder...
...recently agreed to send technicians to Burma to advise on indus trial development in return for $1,000,000 worth of Burmese rice to ease Pakistan's current food shortage. Last week the two governments were discussing a $25 million longterm, low-interest U.S. development loan. A new current is running in Burma, this time towards the West...
...move, appraises houses too low, lends too little on mortgages. In most cases, builders can get a top of 85% on the owner's mortgage, which in turn represents a top of 86% of the FHA appraisal; e.g., on a $10,000 house, the FHA trade-in mortgage loan insurance comes to about $7,300. Yet despite these obstacles, trade-ins have been catching...