Word: payments
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Dates: during 1970-1979
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...just that: for years, a state law has offered convicted persons the choice of paying their fines or working them off at the rate of $3 a day. Ohio's Supreme Court has just found that law unconstitutional. Because an affluent criminal can choose between jail or payment of a fine, but the indigent offender cannot, the court ruled that the law violates the equal protection clause of the 14th Amendment...
...caught a big fish with a very small hook." Under Murdoch's direction the fish has grown even bigger, with circulation rising despite a price increase to 80 a copy. Last October, Murdoch acquired the dull but earnest daily Sun (circ.: 950,000) for a down-payment of $120,000-considerably less than he paid for his house on London's fashionable Sussex Square. He relaunched the Sun as a tabloid in November and it now sells 1,325,000 copies...
...five jurisdictions, lenders are likely to be more unwilling than before to make FHA and VA home loans at all. The 1% increase in the mortgage rate will add $4,473 to the cost of buying a $25,000 home with a 25-year loan and a minimum down payment...
...rainy day, Virginia's state-run Bridge-Tunnel District raised $200 million in three bond issues. The reserve has been largely exhausted to pay interest during the past six money-losing years. Unless the district can arrange emergency financing, it will have to skip the second half-interest payment of $2,875,000 on $100 million of 5¾% C-series bonds next July. In that event, the interest obligation would accumulate but would be paid only if and when funds are available. Venturesome investors can now buy a $1,000 C bond...