Word: payments
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Dates: during 1970-1979
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...years ago, with $250,000 borrowed from friends, to compete against the Federal Government in a field in which private enterprise had failed dramatically. What MGIC does essentially is guarantee that it will pay any losses a mortgage lender may suffer if the homeowner cannot meet his monthly payments and the house must be foreclosed. After the Depression wiped out poorly financed private insurers, Government agencies, principally the FHA, were the only source of mortgage guaranty insurance, which most bankers and other lenders require on all mortgages carrying less than a 20% down payment...
...billion more to spend than in 1972. But practically all this additional income is already earmarked: $8 billion for existing pro grams, $3 billion for a Government employees' pay boost, $4 billion for increased Social Security benefits, $2 billion in aid to cities and states, and a down payment of $500 million on the Family Assistance Plan. All together, expenditures for the year will reach $250 billion, which will generate a deficit of at least $15 billion in the unified budget. And that will be on top of a deficit of some $28 billion in this fiscal year...
...members disagree on means for assessing and collecting damages, however. They agree that rivers and tracts of ocean should be privately owned, so that dumping wastes into them involves payment of damages to the owners. They believe that air pollution can best be controlled by showing correlations between different pollutants and the harms they cause, whereupon victims sue the polluters. Ultimately, though, their notions of the mechanisms involved differ, as well as the heaviness of the damages settlements...
...waitresses no longer wish to be responsible for payment of unpaid checks and seek abandonment of the dress code. They also demand equal distribution of customers by number and an end to favoritism, protection of waitresses by management from harassment by customers, and regular schedules...
...actor, but the mantle of mass appeal kept sliding off his round shoulders. In 1964, for example, TV audiences were not ready for his first series, The Trials of O'Brien, in which he played a lawyer who could not resist a crap game or meet an alimony-payment deadline. Now, after the troubled '60s, viewers seem readier to identify with a loser hero. In the ratings among TV's new law-and-order leading men, Falk is murdering such handsome smoothies as Glenn Ford, Rock Hudson and James Garner...