Word: payment
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Times are much tougher for the city than they are for Harvard. As the source of many of the problems the city faces, the University should rise to the occasion and not contest the $480,000 price offered by the city, a payment large enough to insure that Harvard will not lose money on the deal...
...afford to buy a used car." He rides a bus or catches rides with friends to work. George McCoy, a law-enforcement officer in Chicago, says, "I'm trying to find a house but it will take me ten years to earn the down payment." Ted Buchalter, a pharmacist in Beverly Hills, Calif., notes that "even the kids are complaining; inflation has pushed their bubble gum up to three cents...
Earlier this year, after Carolyn scolded Ron for being late with a payment, Ron admitted to a friend that he had never seen Kyle, and the friend urged Ron to go to the police. They discovered that there was no Kyle. Carolyn, charged with grand theft and deception, and her husband Robert, charged with duplicity, completely deny the charges. Ron is heartbroken. Says he: "I felt such love...
...cool off inflation. Says John F. McGillicuddy, chairman of New York City's Manufacturers Hanover Trust: "Money has not been particularly tight in large money-center banks. It has been expensive, but not all that tight." Selective credit controls, which could perhaps include a boost in the down payment required for a house or auto loan or an increase in the minimum monthly payment on a Master Charge or Visa card, would be a quick and easy way for the Fed to try to accomplish what a rise in interest rates has so far failed to achieve. Predicts...
...confirmation as Federal Reserve chairman: "I do know my company did not bribe anybody." But the Securities and Exchange Commission charges that Textron's Bell Helicopter division spent $5.4 million in foreign kickbacks in ten countries between 1971 and 1978. The largest was the $2.9 million payment to a firm, owned in part by the deposed Shah of Iran's brother-in-law, in connection with the purchase of 489 helicopters for $500 million. The SEC also revealed that Textron, a major defense contractor, spent $600,000 between 1971 and 1978 entertaining Pentagon officials in violation of Defense...