Word: payment
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When it comes to buying, the Pentagon can be an easy mark, as demonstrated by the payment of $435 for an ordinary claw hammer that Navy auditors discovered last year. But it was revealed last week that the fleecing of defense is not limited to the buy side: the opportunity to make dubious deals also extends to the sale of military "surplus...
...prove that Penney was willing to make the final payment, police asked Mrs. Penney to pose as her own corpse in a fake coroner's photograph. Technicians created a deathly pallor with makeup. Said one officer: "She looked just like a corpse." Indeed, Penney tearfully identified his wife when police showed him the photo of the "deceased." Within hours, investigators say, he agreed to make the final payment. He was arrested when he arrived at the sheriffs office to take custody of his two children, who had been living with his wife...
Beyond their fears that the presence of U.S. troops could actually incite Sandinista attacks, both countries fear that a military buildup could drain money from civilian economies that are already in dire straits. Honduras has virtually ceased payment on its $2 billion debt to foreign Danks and international organizations, a move almost unnoticed during the Argentine debt crisis. Capital flight in the past two years alone has been estimated at $1 billion. Although Costa Rica is substantially better off (it receives more U.S. aid per capita than any other country except Israel), it can barely meet the interest payments...
...will be forced to do so now by a ruling two weeks ago by the Comptroller of the Currency that loans must be declared nonaccruing if interest is not paid by the end of the current quarter. The new ruling means that even though Argentina made a big interest payment, the banks would still lose money in the quarter that ended last week. Reason: despite the payment, Argentina has caught up only on interest owed to April...
...half of U.S. families. In 1950 seven out of ten American families could afford a new, median-price home. Today higher mortgage rates and building costs mean that fewer than three in ten can pay for it. Eight years ago, the average U.S. family's monthly home payment totaled a quarter of its income. Now the figure is one-third, and it is still rising. Banks and savings and loan associations have attempted to get more Americans into homes through new methods of financing, like adjustable-rate mortgages. These keep the initial payments down, but the monthly cost...