Word: money
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Dates: during 1960-1969
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...fifths of the surrounding grounds. This was done for him by a trustee, the Title Insurance and Trust Co. of Los Angeles. The trustee pays for the remaining four-fifths with $1,000,000 that Nixon borrowed from the Cotton Estate, previous owners of the spread. Out of this money comes the necessary $320,000 down payment, as well as the $80,000 for the principal payment and $60,000 in interest per year...
...holding it and gambling on a continuation of the upward trend in real estate prices in the San Clemente area. Within the five-year period, the President will sell all but his five acres and house. If his gamble pays off, he will retire the debt on the borrowed money and perhaps even make a profit. Just to whom the President will sell is not known. It could be a "compatible" buyer-perhaps Nixon's wealthy, longtime friend "Bebe" Rebozo-or it could be the Nixon Foundation, which might build a presidential library and museum on the land, though...
...makes support of her family and party an implicit condition for MKRADC assistance. Nunn denies he wants to replace Mrs. Howell with a Republican. "I don't care who they get to run the program," he says, "as long as he's competent and the poverty money goes where it is intended to go, for the benefit of the poor and with no conditions attached...
...ruler, Major General Jaafar Nimeiry. The oil-soaked Kuwaitis, Saudis and Libyans, who already donate $378 million a year to war-damaged Egypt and Jordan, stayed away, lest they be touched for even bigger donations. Sure enough, the leaders at the mini-summit made a blunt demand for more money, declaring that "present economic aid is considered less than what is needed...
...climax to three days of acrimonious debate at the Episcopal Church's Special General Convention, the delegates reversed an earlier decision and voted (404 to 222) to provide $200,000 to the moderate National Committee of Black Churchmen. In taking the action, delegates knew that the money was intended eventually to reach the coffers of James Forman's Black Economic Development Conference. The Episcopal Church thus became the first major denomination to recognize-however indirectly-the "reparation" demands enunciated in Forman's Black Manifesto (TIME, May 16). Even this did not quite satisfy the militants. "The action...