Word: longterm
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Dates: during 1980-1989
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Today's high cost of borrowing has made the conventional longterm, fixed-rate mortgage as old-fashioned as Willy Loman's Studebaker. Virtually all banks in California stopped making such loans last fall. Hundreds of thousands of would-be buyers now simply cannot afford the big down payment or steep monthly charges involved in those loans. Herman J. Smith, president of the National Association of Home Builders, says that only about 4% of first-time home buyers can qualify for a 15% mortgage on a median-priced house. Therefore, people are turning to so-called creative home financing...
...funding for civilian research and development must be expanded, not cut, as the Republicans propose. Finally, we must tap the unused resource of millions of able-bodied Americans who cannot find work. Government and industry must work together to provide training, not for "make-work" jobs, but for real, longterm employment...
...informal nature allows the opposing parties to break through stumbling blocks like pride and anger and get through to the underlying problem, which oftentimes has little or nothing to do with the original grievance. The majority of cases, explains Skoler, are between acquaintances. Landlord-tenant cases abound, followed by longterm customer service cases and family or neighbor squabbles. Another common case involves the "I bought it; it broke" syndrome, though with a thousand variations on a theme...
There was worry aplenty at last week's meeting about how much time the incoming Administration will have to return the economy to longterm, noninflationary growth. While board Republicans argued that the Reagan strategy of deep cuts in both taxes and Government spending is crucial to economic recovery, Democrats on the board considered the approach both impractical and politically naive. They feel that it could wind up actually quickening the tempo of economic upheaval and causing even more inflation...
...French situation had not deteriorated so badly when in April 1978 they embarked on a very basic strategic change. The government of Barre and Giscard d'Estaing saw sufficient political support to enable it to take a longterm point of view. Even before then, able French bureaucrats had developed a strategy but it was more of inflating domestic demand and periodically devaluing the franc to bring French costs into line, but underinvestment in sectors involved in international trade left French industry ill-equipped for competition...