Word: payment
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...owning their own homes has dropped from 61% to 53% since Reagan became President. Middle-class salaries have simply fallen far short of the inflation in housing costs: today's average home buyer has to save 50% of / a full year's income just to put up the down payment, as opposed to 33% in 1978. As a result, those buying homes tend increasingly to be those lucky enough to have parents from whom they can borrow money. Then, when they need a bigger home to accommodate a growing family, often the best they can hope for is to inherit...
...human error, agreed last week to pay affected customers up to $2 million for the twice-squeezed lemons. Depending on how long ago the cars were bought, the owners can choose between a full refund or a twelve-month service contract, reimbursement for all previous repair work and a payment...
...been that inflexible in such talks. Says Warren Christopher, who helped negotiate the 1981 release of the American hostages held in the Tehran embassy: "The essence of the matter is whether you make a concession that might imply you'd do it again and that encourages subsequent hostage taking." Payment of ransom, whether in cash or weapons and however disguised, does precisely that. On the other hand, a one- shot concession that in its nature could not be repeated would be less dangerous. Roger Fisher, who has advised the Government in previous hostage situations, says that the concession, if possible...
Although Harvard's affiliate housing is tax-exempt, the rents it receives do affect city revenues. For the past two decades the University has paid the city 11.11 percent of its annual rent income "in lieu of taxes." The payment came to $989,543 in fiscal 1988. Harvard also paid the city $2,561,642 on its taxable property...
Despite the ransom payment, there has been no further word from Annie. The FBI continues to be baffled by the case. And the quiet millionaire continues his agonizing vigil...