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...potential problems with ARMS have led many lenders to impose voluntary limits, or caps. San Francisco's First Nationwide Savings offers an ARM with an adjustment limit of ⅜% every six months and a maximum increase of 3½% over the life of the loan. If such moves fail to make ARMS safer, Congress may have the last word. Next month the Housing Subcommittee of the House Banking Committee will hold hearings on the problems of adjustable rates. Curbs on the loans are possible, but there is unlikely to be a farewell to ARMS. -By Stephen Koepp. Reported...
...Peter Marchant, 24, former bellhops at the Brazilian Court Hotel in Palm Beach, Fla.; for conspiracy to sell cocaine and for selling the drug to the late David Kennedy; in Barnstable, Mass., and Warwick, R.I. Dorr, a Cape Cod resident, and Marchant, a Rhode Island native, face a maximum penalty of 20 years imprisonment and a $15,000 fine for both charges. On the day of the arrest, Palm Beach officials announced that Kennedy, 28, son of the late Senator Robert Kennedy, had died after "multiple ingestion of cocaine, Demerol and a prescription sedative called Mellaril." Under Florida...
...employee. He may get paid 17 hours per week (the maximum allowed for casual employees on the University payroll), but he usually works 20-25 (which decreases his real hourly pay to the $4.75 to $6.00 range). In fact, each applicant for the job was asked whether he/she would be willing to work extra, unpaid hours for the Council. Also, the skills for this job are not found in all students--filing skills, typing skills, office maintenance, and the ability to work unsupervised...
...extended office experience and numerous degrees. So this brings us to option 3, the one which we currently follow--hire a casual employee (Staff Assistant II) on the University payscale. This requires us to pay on the University payscale (minimum pay $6.93) and follow University guidelines (17 maximum paid hours)--regardless of whether he is a student or not. And certainly we cannot advertise a position as Staff Assistant II, decide to hire a student, take our position off of the University pay-scale, and pay the student less than required by the University...
...Astronauts have dumped sewage, food containers and spent oxygen cylinders overboard. On rare occasions, space walkers have accidentally dropped objects in space. Astronaut Ed White lost a shiny white glove during the Gemini 4 flight in 1965. George ("Pinky") Nelson fumbled away two tiny screws while repairing the Solar Maximum Mission satellite during the shuttle flight last month...