Word: loans
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Dates: during 1980-1989
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...this year, she faced a supply-side problem: a pending divorce had left her with little to spend and nothing to trade in. Inkley, a Chesterfield, Mo., interior-design coordinator, solved her dilemma by signing a four-year auto lease that avoided the hefty down payment a normal car loan would have required. Cost of the lease: $239.04 a month. She drove home in a new white Honda CRX complete with automatic transmission, air conditioning and AM-FM radio...
...that notion. He began leasing in 1982 with a Toyota Celica and moved up to a Mercedes-Benz, later a BMW and now a 1986 Porsche 944. Shapiro pays only about $450 a month for the Porsche -- considerably less than the $800 a month he figures a conventional auto loan would cost him. Tom and Dede Spencer of Kirkwood, Mo., a suburb of St. Louis, decided to lease their 1987 Dodge Caravan for $367.50 a month. They can spend the money they would otherwise use for a car down payment for new carpeting and the delivery-room bills for their...
...support operation was going on in Washington last week, but it may not be enough to prop up a large part of the $1.1 trillion U.S. thrift industry. By a 402-to-6 vote, the House of Representatives approved a $5 billion cash infusion for the Federal Savings and Loan Insurance Corporation, backstop for the country's 3,200 federally insured savings and loan associations. That would almost, but not quite, bring the FSLIC back to being merely broke; last year the fund was $6 billion in the red by normal accounting methods. Normal accounting, however, has long since gone...
...dozen waiting schoolchildren. HELLO, LING LING AND YONG YONG, said another. And even more to the point: NEW YORK IS THE PANDAS! Before Ling Ling (Ringing Bell), the male half of the team, and Yong Yong (Forever and Ever) go home at the end of October -- they are on loan from the Peking Zoo for only six months -- an estimated 2 million people (2,000 an hour) will have seen and no doubt fallen in love with them. "There's something special about pandas," says Koch. "They bring people back to their childhood...
Sallie Knighton, 26, moved back to her parents' suburban Atlanta home to save enough money to buy a car. Her job as a teacher provided only enough money to cover car payments and an additional loan she had taken out. Once the loan was paid off, she decided to take a crack at a modeling career. Living at home, says Knighton, continues to give her security and moral support. "If I had lived away," she says, "I would be miserable still teaching." Her mother concurs, "It's ridiculous for the kids to pay all that money for rent. It makes...