Word: longterm
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...government granted longterm, low-interest mortgages to resort builders, and now there is hardly a bank in France that is not involved in the ski-resort industry. The French also had the benefit of learning from the mistakes of resort owners in other countries. All the new resorts are built high on the mountain so that skiers can stay on the slopes into summer. Since the areas were simply created rather than built around existing towns, the promoters have been able to avoid becoming entangled in the confusing web of village politics and expropriation laws. Finally, they were able...
...coordinate boarding schools, Mount Hermon (boys) and Northfield (girls). The schools have already earmarked 20% of their operating budget for scholarship aid to almost half their students. Unwilling to "shunt the middle-income family aside," they have now allocated $110,000 (to be quadrupled in four years) for longterm, low-interest (5%) loans to families with yearly incomes of $15,000 to $20,000. Borrowers will not be obliged to start repayment until their children finish college or graduate school. Help is becoming available, says Dr. Howard L. Jones, head of the schools' joint administration, "for increasing numbers...
...attractive year by year. The share of the savings dollar used to purchase life insurance has dwindled steadily from 51% in 1945 to less than 15% today. Conservative management and restrictive federal and state regulations have kept most of the insurers' $240 billion in assets tied up in longterm, low-return investments, such as top-quality mortgages and gilt-edge bonds...
...make a revolution that way." Schoenman's own revolutionary recipe centers on the "white working class" whom, he says, "bear the brunt or corporate capitalism." In a cold tone, he advises the radicals to continue demonstrations to gain mass support, foresake the "moral witnessing" of draft resistance, and begin longterm organization...
Assuredly, Chandler doesn't plan to be another Invisible Man. And on being asked what his longterm ambition is, without an instant's hesitation he shot back the proper answer: "To be the best black artist America has ever seen...