Word: payments
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Dates: during 1960-1969
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...took two years before Jackson's suit to recover his stores and land was decided by the Arizona Supreme Court. He won, but in the meantime, no one had made the mortgage payments. More than $37,000 was due, and the insurance company that held the mortgage called for immediate payment of the entire amount. Jackson, who had no source of income but his property, had no cash. He sold the property he had just won back for $54,000 in cash and 160 acres in the desert west of Phoenix...
...dozen. A television set selling for $124.95 in downtown Detroit costs $189 in a ghetto shop. In many slums, door-todoor salesmen saddle unsophisticated buyers with shoddy furniture and clothing that is overpriced to begin with and sometimes costs twice as much as the original price when exorbitant time-payment rates are added. To avoid gouging, slum dwellers in Harlem and other areas have begun forming co-ops aimed at keeping prices down...
...pinning high hopes on a massive "Watch Now, Pay Later" campaign to be launched in mid-August. Customers will be offered the whole range of models, from the $329.95 set to a $1,600 combination radio-phonograph-TV console, with first payment due 90 days after purchase. Virtually all the other makers are expected to fall into line. Says an RCA executive confidently: "I don't think the public has soured on color...
...shockingly moderate inaugural address. Ever since, Lester has baffled politicians to the left and the right. What happened to the pistol-waving racist who in 1965 led whites with ax handles against Negroes who approached his Pickrick Restaurant? What prompted him to brag that his administration had increased welfare payment? Why did he appoint 15 Negroes to local draft boards? It was a disconcerting reversal...
...just as well in the doctor's office. Indeed, Administrator Martin Ulan of New Jersey's Hackensack Hospital goes so far as to estimate that 50% of the patients in his hospital might be treated at home. Under many private insurance plans, however, the policyholder gets no payment unless he has been hospitalized. According to Dr. Ray Brown of Duke University, "insurance actuaries have been the architects of the medical care system...