Word: repeals
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Dates: during 1960-1969
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Because FHA and VA loans carry a 6% interest ceiling (which the Johnson Administration has asked a reluctant Congress to repeal), almost all private lending institutions are willing to make them only at a big discount-that is to pay out about $9,200 for a mortgage with a face amount of $10,000. This has the effect of raising the return closer to 7%-a cost which homebuilders pass along to buyers disguised as a higher price for their homes. In a time of rising interest rates, when lending institutions demand increasing discounts, Fannie Mae faces a dilemma...
...hear some papers complain, the American Bar Association's new guidelines on press coverage of criminal cases will repeal the First Amendment and return the Inquisition. Some lawyers have cited the rules in attempts to get trials closed to reporters. Exasperated, the author of the guidelines, Massachusetts Judge Paul Reardon, has advised everyone to calm down...
...This law has become a law of oppression," says Socialist Leader François Mitterrand. With support from leftists and independent deputies, Mitterrand hopes to persuade the National Assembly to repeal it. His chances are only fair, and meantime Frenchmen must watch themselves. Aimed at ever more ridiculous targets, the 87-year-old law was recently invoked to arrest a diner at a provincial bistro for drawing a caricature of De Gaulle on a tablecloth, an amateur ceramist for portraving him on an ashtray, a drunk for criticizing him in a bar, and an unsuspecting man in the street...
...been quietly discussing the shutdown of the London gold pool and the move to the split-price system since British devaluation. Italy and Belgium, restive at the growing drain on their reserves, remained in the pool only at U.S. prodding. Timing the switch presented delicate problems. By waiting for repeal of a 1945 law requiring a 25% gold backing for the currency, the U.S. could muster another $10.4 billion of gold for the defense of the dollar abroad. By discomfitingly small margins, the measure squeaked through Congress just in time. Last week, as the scratch of President Johnson...
...York last year, CEF lost an expensive battle to repeal the state's Blaine Amendment, which prohibits state aid to parochial schools; elsewhere, it has recorded several victories for its cause. CEF pressure was behind recent laws passed by half a dozen states permitting parochial school students to be transported in public school buses. In Ohio and Michigan, the organization helped push through legislation supplying auxiliary services to parochial schools, such as counselors and specialized teachers, at a total annual cost of approximately $ 15 million. In Rhode Island and Michigan, it is now campaigning for tuition grants from states...