Word: minimum
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Dates: during 1960-1969
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...Flint to inspect its schools firsthand, and more than 100 other communities have started versions of the Flint program. The University of Michigan even offers an M.A.-level course on the program at its Mott-built Flint branch. The 54 "interns" now in the year-long course get a minimum $5,000 stipend from the foundation...
During the course of the evening, periodic announcements were made that "City Hall reports the State is quiet." White had effectively made a public project out of keeping rioting to a minimum. He had enlisted the support of the people and of James Brown instead of the National Guard and Federal troops. And in spite of a few "minor incidents" (buildings burned and firemen stoned) Boston's was one of the few success stories in the country...
Emerson, a municipal court judge in Downey, Calif., finds the speakerphone invaluable for getting a brief piece of testimony from a policeman, parole officer or technical expert. It cuts down on delays while a witness is summoned, and it also cuts to a bare minimum the time required of the witness. If there is ever any objection by either side in a case, or by the witness, he is made to come to court. And the speakerphone is never used for pivotal or major testimony. Also, Judge Emerson rarely tries it with a jury. On the few occasions that...
...huge federal budget deficit, which portends gigantic federal borrowing and still higher interest rates in the months just ahead. The 6.45% return applied to Federal National Mortgage Association "participation certificates"-shares in a pool of Government-owned mortgages and other loans. They were available to the public in minimum lots of $5,000. Though not a direct obligation of the U.S. Treasury, the participation certificates come close to that gilt-edged status because the Attorney General has ruled that they are backed by the full faith and credit of the Government...
...principle applies-in a more important way-to home mortgages. California savings and loan associations last week reported their interest rates had gone from 6¾% to 6 9/10%. On a 20-year, $20,000 mortgage, that mere .015% increase could cost a home buyer $375 more in interest. Minimum down payments almost certainly will go up. Moreover, since builders will be paying more for land, materials and borrowed money, $20,000 will buy less of a house than it might have only a few months...