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Carmen signed for the 30-year, $425,000 loan at 6.5% interest in 1975 when an urban renewal project forced him to relocate his auto-and-tire service business (sold in 1979) in Manchester, N.H. Since July 1981, he has received two six-month deferments on his monthly payments. Carmen, who earns $59,500 a year, insists such deferments are available "to any American citizen...

Author: /time Magazine | Title: Easy Terms | 6/28/1982 | See Source »

Will we ever tire of seeing the faces of frightened young men behind a gun fighting some politician...

Author: /time Magazine | Title: Letters: May 31, 1982 | 5/31/1982 | See Source »

...find themselves over their heads in debt. As sales continue to slacken and interest rates remain high, some of the largest and most successful American corporations are experiencing problems. Last week RCA Corp. was negotiating to sell its Hertz auto-rental subsidiary for about $700 million to Firestone Tire & Rubber Co. so that it could reduce its nearly $3 billion debt. Boeing saw its bond rating reduced by Standard & Poor's from AA-to A because it will have to borrow heavily in order to finance the construction of new 767 and 757 airliners. Phelps Dodge, which announced earlier...

Author: /time Magazine | Title: A Rising Tide of Bamkruptcies | 4/26/1982 | See Source »

...more to his credit that he doesn't attempt to find it out on the open road like Kerouac. The country's illness, as diagnosed by protagonist Allie, stems from the uppity attitude people have towards work and education. ("Can't find a Harvard graduate who can change the tire on his car.") In Central America Allie thinks he will find an unspoiled land, untainted by the wretchedness of sloth and religion ("If God hadn't rested the seventh day. Maybe he would have finished the job.") So it's typical that Theroux seeks solutions to America's malaise...

Author: By Siddhartha Mazumdar, | Title: On the Road, Again | 4/20/1982 | See Source »

...Crimson is going to avoid the Elis' face today, it must remain unawed and force the Hopkins laxmen to play defense. "They've got an unbelievable offense, so we've got to control the ball and tire them out on defense," Scalise says...

Author: By Becky Hartman, | Title: Laxmen Face Hopkins Today | 3/20/1982 | See Source »

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