Word: scheme
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...some 100 developing nations, to provide a wider range of financial assistance than previously, and also to play a role in prescribing long-term economic reforms for its debtor clients. Lately, the Baker plan has showed signs of stalling, but Conable's nomination is clearly intended to give the scheme a new boost...
...Supreme Court was packed last week with visitors who came to watch a tangled legal battle over just that issue, and with good reason. Rarely has such a narrow question held such wide implications for the conduct of Government. The real issue at hand was the budget-balancing scheme of the storied Gramm-Rudman Act. Whether the Comptroller is a servant of Congress or an impartial accountant is likely to be the point on which the court will decide the law's fate...
...allotted time, lawyers for the House, the Senate and the Comptroller came to the law's defense. Steven Ross, representing the bipartisan leadership of the House, rejected the claim that the Comptroller was answerable to Capitol Hill, arguing that Congress had assigned him a role in the Gramm-Rudman scheme precisely to ensure that the budget-cutting calculations would be "walled off" from political considerations...
...lack the 10% to 20% down payments required for conventional mortgages. The no-money-down advocates tell their students to look for so-called motivated sellers, people who are so desperate to unload their property that they will go along with a highly leveraged financing deal. One such scheme is what Allen calls the Second Mortgage Crank, in which the buyer of a $100,000 house persuades the seller to take out a new bank mortgage of $75,000. The no-money-down buyer then assumes that mortgage and gives the seller an installment IOU for the remaining...
...G.O.P. hopes that this year's elections will cut into the majority party's 34-16 predominance in state capitals. Former Journalist Bernard Kalb quits his post as State Department spokesman over the Administration's reported "disinformation" scheme. Followers of Right-Wing Extremist Lyndon LaRouche are indicted for credit-card scams in a "fund-raising" campaign...