Word: payments
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Dates: during 1950-1959
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...brought Aurora plenty of publicity, and after each squabble, he tried to make it seem that Paul Egan, the man of the people, was defending the city against entrenched interests. When the city council refused to pay for spraying the area against mosquitoes and flies, the Mayor guaranteed the payment out of his own pocket, sprayed the city, later collected $7,000 in contributions from the townspeople...
What is accomplished by this kind of payment? In cotton, says Fleming, "for a while we could keep some people in a precarious living, growing cotton where it cannot be grown economically or efficiently. This would help them continue a struggle in which ultimate defeat is certain." At the same time, notes Fleming, price supports high enough to cover marginal farmers' costs yield a bonanza to the owners of productive land. As for markets, high supports have helped make U.S. cotton so expensive on world markets that foreign production has increased more than 100% since 1930. while domestic production...
...Reduced down-payment requirements for FHA-insured loans on houses appraised at $9,000 or more. Instead of pegging downpayments at 7% on the first $9,000 of the home's cost, 27% on the rest, FHA will now ask only 5% on the first $9,000, 25% on the balance, hopes to spur home buying by .low-and middle-income families, despite tightness of mortgage funds...
Clearance Sale. In Sydney, Australia. Mrs. Ingeborg Luise Wenskowski, 35, got her divorce on testimony that her husband offered her to a friend for $495, on a time payment plan...
...with preferences in government loans and contracts if he sets up in business. In addition, Germany agreed to deliver $822 million in goods and services to Israel over a twelve-year period; and individual indemnifications to Nazi victims may total $1.5 billion. No one argues that this is payment in full. But Jewish organizations agree that "the shame factor" is widespread. "The local railroad-ticket seller," said one embarrassed young man in Bonn last week, "knows I am a Jew and fairly leaps to take care of me first when I'm standing in line. I guess...