Word: unpaid
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Dates: during 1980-1989
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Even so, a conventional 30-year mortgage now costs 16%, bank installment loans are 18% to 19%, and credit card companies are charging 20% on unpaid balances...
...order that froze more than $8 billion in Iranian assets held by U.S. banks. To unfreeze them now, explained the legal counsel for a major New York bank, would be "like putting an omelet back into the egg." Various corporations and individuals have liens against those assets to cover unpaid Iranian debts, and U.S. banks have "offset" a total of about $1.5 billion to cover their outstanding loans to Iran. Said David Rockefeller, chairman of the Chase Manhattan Bank: "If the Iranians think they are going to get all the assets they have here immediately, they're going...
...same time, Dade County's Community Relations Board, consisting of 30 unpaid volunteers (15 of them white) had little more than the leverage of local publicity to apply to the problem. It too failed to respond adequately. Similarly the 14 officers of the Metro Dade Police Community Service (ten of them white) proved either unable or unwilling to heed the black warnings. Admitted Dade County Community Programs Supervisor Lonnie Lawrence: "We didn't gauge the depth of the feeling. People were boiling...
...killed and scores on both sides were injured before the miners settled for a 20% increase. Three weeks ago, the Tongmyung Timber Co. of Pusan, South Korea's largest plywood maker, went bankrupt, leaving liabilities of $106 million. Some of its 3,000 employees demonstrated for their unpaid wages and skirmished with police. Says a Korean economist: "With more big bankruptcies like that one, much of our labor force could explode...
Eyes sagging from jet lag, but still perky and extremely sincere, McGraw will repeatedly deliver the "social awareness" line throughout the day. Every reporter and television host is suspicious of her motives for doing unpaid yeoman service to an organization that seemingly disappeared from view after the Sixties. If interviews press her--the hostess on Channel 56 asked McGraw redoubles her sincerity and comes up with creative variations on the original explanation: "It's an awareness campaign--you can really change the quality of life in America," or "It's not about raising money. It's about taking control...