Word: low-interest
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...over the next year. Intervention, he says, will come at the 85-level, but even then it is difficult to predict what will happen. "What we're seeing is the unwinding of the yen carry trade," says JPMorgan Chase's Sasaki, referring to the practice of buying low-interest yen and investing it in high-yield currencies. "It's a very strong and powerful movement and it's difficult to stop it. I think that Japanese officials understand that and that's why they haven't intervened...
...When deciding how to pay for college, families should start by contacting their school's financial aid office. About $130 billion a year is available in scholarships and grants. The first step in borrowing money for school is to max out on low-interest government programs such as federal Stafford loans. In the past, lots of families have turned to private loans to make up the difference, with borrowers taking out about $17 billion in such loans during the 2006-2007 school year. But as credit markets dried up last spring, many private lenders either went out of business...
...sounds, the 1944 bill--among the most significant pieces of legislation ever passed by the U.S. Congress--included much more. Its education benefits threw open the doors of élite academies to the masses: in 1947, veterans made up almost half the nation's college students. It also offered low-interest, no-money-down mortgages, backed by the U.S. government, that allowed millions of families to purchase their first homes. The move helped spark the postwar baby boom and the suburbanization of America in the 1950s: it effectively created the American middle class...
...event next year. The $2.1 billion would come from cuts in other federal programs, but the amendment does not specify the sources of the offset. Another amendment, proposed by Sen. Edward M. Kennedy ’54-’56 to permit future Congressional action to provide more low-interest loans to college students, also passed in Thursday’s session. —Staff writer Clifford M. Marks can be reached at cmarks@fas.harvard.edu
...Levittown, N.Y., the Long Island community that calls itself the country's first suburb. Beginning in 1947, developer Bill Levitt's armies of builders churned out house after house, transforming a bare potato field into a centrally planned town that today is home to 53,000 people. Low-cost and low-interest loans enabled the working class to flee dense cities for the new suburbs, while cheap cars and cheaper gasoline supported their long commutes to urban workplaces. Three-bedroom houses, two cars in the driveway? The suburbs were about having more, and more became the American Dream...