Word: loans
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...meet skyrocketing costs only because of various aid programs; and 3)"the very taxed," those middle-income Americans who have no easy way to pay their kids' bloated bills. Inflation has kicked their incomes not only into higher tax brackets but also out of the grant and loan market. At the same time, their after-tax income is barely keeping pace with soaring tuition costs...
...city issued $100 million worth of long-term bonds paying 6.99% tax-free interest, which were marketed through a Hutton-organized underwriters' syndicate. The bonds sold out in a day; the underwriters split a $3 million fee, and a Chicago savings and loan association got the job of lending out most of the proceeds as mortgage money. The rest, $14 million, was set aside in a special fund to cover any defaults; the income from this money, which is to be invested in high-yield (8.5%) Government securities, will cover the underwriters' fee and other costs. Unlike federal...
...native would have been wrong. Before they closed up, the papers had reported a happier story. Sitting in City Hall at a desk that George Washington used when New York City was the capital of the U.S., Jimmy Carter signed a bill that authorizes $1.65 billion in federal loan guarantees for the city. The event possessed immense practical meaning for the Big Apple, which for two years has been creeping back from the edge of bankruptcy; the guarantees will enable New York to borrow enough money at least to start straightening out its preposterously bungled financial affairs and to repair...
Banker Abboud, 49, also has liabilities. The $3.4 million loan that he approved for fellow Democrat Bert Lance still embarrasses him; and many officers have left First Chicago because Abboud has a short fuse-befitting a man who is 5 ft. 6 in. and expects everybody to share his own I-made-it-the-hard-way workaholism. But few question that he runs a top bank; last year First Chicago Corp.'s assets rose 14% to $22.6 billion. Or that he comes forth with some unstarchy ideas from behind his stiff collars and vested suits...
...this were a political platform, any prudent banker would deny a loan to finance Abboud's campaign. Yet he speaks some hard truths. Unless the geometric growth of some popular and politically "uncontrollable" programs is controlled-Abboud mentions Social Security and veterans benefits-then much deeper deficits lie ahead. Until the Government eases some regulations, managers will spend capital to meet those rules instead of to create jobs. Buying up dollars will not permanently lift America's currency but at least will give the U.S. time to ease the trade and budget deficits that are dragging the dollar...