Word: payments
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Dates: during 1970-1979
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While Bangladesh approached Commonwealth status, Pakistan was quitting it. Then Bhutto flew to Peking, where the Chinese agreed to convert $110 million in loans to Pakistan into grants and to defer payment of a $200 million loan made last year...
...writer. He would also have had to forge a body of documents, among them the Hughes letter to Irving acknowledging receipt of his book Fake!; four handwritten letters, including the nine-page letter to the McGraw-Hill president; and checks-made out to Hughes for $700,000 as payment for the book, endorsed by Hughes and cleared through a Zurich banking house called Credit Suisse. Irving would also have had to forge Hughes' handwriting in the extensive pencil editing that Hughes did in the margins of the original transcript. McGraw-Hill's Leventhal says
Allende has unilaterally suspended Chile's payment on foreign debts and last week formally asked foreign banks and governments for a three-year moratorium on the country's obligations, which now total $3.3 billion. Chile's international creditors, including the U.S., have agreed to meet in Paris next month to discuss the moratorium...
...began to shun FHA-insured loans because the agency had a rigid ceiling-5% when MGIC started-on the interest that lenders could charge to home buyers. By offering private insurance, Karl enabled S and Ls to obtain higher interest rates on secure loans and still cut the down payment below 20%. Moreover, Karl successfully slashed through the FHA's red tape. MGIC guarantees to approve or reject a home loan insurance application within 24 hours; the FHA takes a minimum of a month because it conducts its own investigation of the home buyer's credit and makes...
MGIC's own potential growth hardly seems restricted. Last October the Government lowered the down-payment requirement on mortgage loans insured by private companies from 10% to 5%. That move, Karl thinks, will open a vast new market for MGIC in insuring loans to young home buyers. By now, too, Karl has expanded far beyond his original business; in the past five years he has started subsidiaries that insure commercial leases for small businessmen and municipal bonds issued by small communities. Now Karl is even building an entire community in Florida. Naturally, he hopes that the mortgage loans...