Word: mortgagees
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Dates: during 1980-1989
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TIME's latest Yankelovich poll shows that, by a 51%-to-17% vote, Americans support the general idea of a "flat tax." The reform concept is popular because, the poll shows, only 2% consider the existing tax system "very fair" and 24% view it as "not fair at all." When...
Moreover, any divestment action coming purely as a concession would lack moral conviction. It would mortgage Columbia's intellectual credibility, and it would remove the symbolism of divestment from a moral plane altogether. The proponents of divestment must win their struggle through rational persuasion, not extortion. Otherwise, the most they...
Unless urgent action is taken, it's only a matter of time before the debt bomb explodes. The seriousness of the situation is often lost amidst the economic jargon. Technical disputes abound over the true extent of the problem, but almost everyone agrees that, despite phony supply-side arguments to...
Low inflation has given the Federal Reserve the latitude to be fairly generous with the money supply and let interest rates fall in the past few months. A decrease in mortgage rates, from an average of 12.67% for a 25-year adjustable-rate loan last September to 11% now, has...
"I prayed harder than at any time of my life. On the one hand, I wondered what the impact would be like. But I also was congratulating myself for buying my ticket with my American Express card, which gives me $500,000 in life insurance. I figured that would just...