Word: loans
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Dates: during 1970-1979
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Private banks and insurance companies have been trying to please customers by writing loan agreements and policy forms in high school-level English. In Massachusetts, State Representative Lois Pines last year pushed through a bill requiring insurance companies to limit their policies to the simplest and clearest language. The state of Michigan now has an "understandable-language bill" under consideration. New York Governor Hugh Carey has signed a bill, to go into effect this spring, providing $50 fines for failure to use "nontechnical language" in consumer contracts...
...SASC proposals call for Harvard to divest itself of stocks in banks which loan money to South Africa and to support or initiate shareholder resolutions in all other corporations it holds stock in that do business in South Africa calling for those firms to withdraw their operations...
...towed. And it wasn't any piddling 14 bucks like it is in Cambridge, it was a piddling 65 bucks. New York is using the money they get from towed cars to help bail them out of their financial woes because they can't get a big enough loan from Household Finance...
Rodell has already received a number of donations from the faculty and a grant from President Horner's discretionary fund, as well as a loan from Radcliffe. The tuition fee for the new child care center is scaled, so that those who are unable to afford the full $65 per week may pay $45 or even less...
...money is beginning to roll in at just the right time; after three nightmarish years, Britain is finally getting its economy in order. Much of the credit goes to the International Monetary Fund, which a year ago made available $3.9 billion in loan money to Britain in return for a severe austerity program. The IMF loan prevented a collapse of sterling. A long period of voluntary wage restraint, accepted by Britain's powerful trade unions at the Labor government's prompting, has reduced inflation from a Latin American annual rate of almost 27% in August 1975 to a still high...