Word: defaults
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Dates: during 1960-1960
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...last fiscal year. More remarkably, since shell homes do not qualify for FHA or veterans' mortgages, the Jim Walter Corp. financed and insured most of its house sales itself, often with no money down, only the pledge of the land (which the buyer must own outright) against default. The company's assets have grown from $5,000,000 in 1956 to nearly $80 million today; sales increased nine times, profits ten times...
...riper for infiltration. The Japanese press, huge (103 dailies with 35 million circulation) and savagely competitive, is a vacuum sustaining no cause but a steady antagonism to all authority. It is largely owned by business-minded publishers so remote from their editorial floors that the congress flourished almost by default...
...Joint Chiefs of Staff: Their inability to agree "removes the professional military experts from any effective role in the decision process." Command of the armed services goes by default to "a combination of short-tenure appointed civilian secretaries supported by permanent, professionally unprepared, civil service civilians." (Medaris' extravagant exception: Army Secretary Wilber Brucker, a staunch defender of the Army missile program, "one of the best, if not the best Secretary of the Army ever...
Today NATO is divided against itself over Algeria; the United Nations is split; the United States has chosen to support through default a position which has a faint scent of loyalty to our allies and a stench of futility. Even if the regard of anticolonial nations is of no consequence, even if the support of the United Nations were not a compelling demand, even if support of United Nations intervention were really opposed by all our allies, the UN still offers hope in Algeria. France offers none...
...credit. "The government drinks the blood of the farmers," said Jagjit fiercely. "It charges 12% interest, and wants the money back as soon as the term of the loan is up. The banian can be shamed if you clasp your hands and plead, but not the government. If I default, it will sell my goods to pay my loan...