Word: payments
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Dates: during 1960-1969
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...prices of such items as copper pipe, aluminum windows, lumber and plywood and, in some areas, by shortages of construction labor. The resulting cost increases, as well as higher interest rates, will disqualify some prospective home buyers because FHA will require proportionately higher incomes to meet the higher monthly payments. Six months ago, Miami Builder Ken Laurence was selling a $12,500 model with a total monthly payment of $74, including taxes and insurance; last week, with the interest tab up ½% and maximum FHA terms sliced from 35 to 30 years, the same house sold for $13,000, with...
...dose that Lester Pearson's Liberals last week readied for Canada. To "pace the prosperity" there, the government hopes to raise income taxes 8%, cut back government construction 10% and levy a 5% tax on industry's cash profits, refundable with interest 18 to 36 months after payment. In the U.S., Johnson's Republican opposition insists that the most effective medicine would be a cut in domestic spending. Accordingly, when a $2.5 billion money bill hit the House floor last week, G.O.P. Congressmen saw it as an issue of "guns v. butter," or as they now call...
...heart attack; in Fullerton, Calif. Writing, said Forester, "is a toilsome bore"; yet, with an enforced daily ritual of 1,000 words, he managed in 40 years to publish 45 books on every subject from marionettes to the slave trade, all lucidly worded, all carefully researched. Two novels, Payment Deferred and The African Queen, became film classics, and his cynical 1936 study of the military mind, The General, was reportedly Hitler's favorite novel-dejr Führer took it seriously...
...Hampshire sweepstakes this month is two years old. In that time, the state has grossed $10.5 million from the sweeps at $3 a ticket. After paying off winners (highest individual payment so far: $100,000) and covering operating expenses, it has distributed $5,255,000 among local school districts. The lottery has enabled New Hampshire to increase state aid to public education by more than...
...Brown; $13.50), the plan requires every car owner to carry a policy that would pay all of a victim's out-of-pocket costs-up to $10,000. These costs would include hospital and medical bills as well as 90% of lost wages (on the theory that 100% payment would encourage malingering), and would be paid out as they actually occurred rather than in a lump sum after settlement. Regardless of who was at fault in an accident, the injured driver and his passengers would receive benefits immediately from the driver's own insurance company rather than...