Word: ownership
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Dates: during 1980-1989
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...region, which to the Sandinistas has strategic value as a buffer against Honduras. The underpopulated and economically neglected Miskito territory is a trove of timber and gold. Less than a year after they took power, the Sandinistas began to seize control of the area by transferring authority over land ownership to the state. Eventually they launched a direct assault on the Miskitos by proclaiming an agrarian reform law that, according to Miskito leaders, ignored traditional Indian claims and set up rules for giving Indian land to others. The Miskitos so far have received only four land titles, totaling...
...Rule, as it was known, stated that no company could own more than seven AM radio stations, seven FM ones and seven television stations. The commissioners voted 4 to 1 to raise the figures to 12-12-12, and said that most remaining restrictions on station ownership will end in 1990. The FCC noted that since the 7-7-7 Rule was established in 1953, the number of television stations has increased from 199 to 1,169, while radio outlets have tripled, to more than 9,000. Cable and satellite technologies have also enhanced the variety of programming choices. Therefore...
...three Government regulators decided to go ahead largely because the alternative to a takeover was a potentially dangerous bank failure. Moreover, the FDIC stressed that its ownership of Continental is temporary; it intends to sell out as soon as the bank is healthy once again. That process may take several years, however. After the rescue plan was announced, the White House issued a lukewarm statement supporting...
...Last week bank officials appeared to have virtually given up looking for another bank or for some wealthy buyer to infuse new money into the institution. Instead, they were meeting in Washington with is federal regulators to discuss a drastic, last-resort solution in which the Government would assume ownership of Continental. If the deal is concluded, it will be the first nationalization of a major bank in U.S. history...
Rising costs may mean the end of the era of home ownership for half of U.S. families. In 1950 seven out of ten American families could afford a new, median-price home. Today higher mortgage rates and building costs mean that fewer than three in ten can pay for it. Eight years ago, the average U.S. family's monthly home payment totaled a quarter of its income. Now the figure is one-third, and it is still rising. Banks and savings and loan associations have attempted to get more Americans into homes through new methods of financing, like adjustable...