Real dollar mortgage idea from Rep Lundine gains attention
The proposal, called a price level adjusted mortgage, would adjust principal to inflation rather than interest. A $50,000 standard loan at 18.5 percent in Connecticut could drop to a 4 percent rate with payments from $303, rising with inflation but ending paid after 25 years. S&Ls would offer inflation linked savings certificates guaranteeing a return above inflation to fund the loans.
MENTIONED IN THIS ARTICLE
Stanley Lundine
National Association of Mutual Savings Banks
S&ls
Lou Nevins
NAMSB
Richard Pratt
Federal Home Loan Bank Board
Congress
FDIC
FSLIC
Lundine
Connecticut
S&l
Education of poor blacks lags amid busing debate
The author argues poverty drives educational outcomes for black children more than race, criticizing Senate limits on busing and calling for targeted funding and study of successful schools. It urges abandoning the belief that integration alone fixes education and suggests financial remedies against segregation.
MENTIONED IN THIS ARTICLE
America
Senate
House
Russians and the Nuclear Edge in a Moscow Hotel Tale
A columnist argues against assuming Russian mechanical prowess and nuclear superiority, recounting a week in Moscow. He notes broken hotel phones, dollar stores, and poor craftsmanship, yet concedes the Soviet space program and rockets exist while doubting they exceed U S arsenals. He questions Reagan's defense budget fear tactics.
MENTIONED IN THIS ARTICLE
Reagan
Court hearing on Lake Erie fishing rights and prayer clash
In Ohio, a federal court before Judge George W. White weighs whether commercial netters may continue harvesting from Lake Erie's warmer waters. The op-ed notes the phrase God save the United States of America is debated as a layer in the case about fish reproduction and resource rules.
MENTIONED IN THIS ARTICLE
United States of America
United States District Court
George W. White
Ohio
Lake Erie
Ohio Wildlife Division
Lakerie
God Save the
Senate Bill 311 would curb commercial netting on Lake Erie
If commercial netters win, more fish will be taken before they spawn, depriving shoreline anglers of their share. If the Ohio Wildlife Division wins, fish still will be taken before they spawn. Senate Bill 311 would drive out netters and enforce a land and water use ethic, Mrs. James H. Angel notes.
MENTIONED IN THIS ARTICLE
Ohio Wildlife Division
Lake Erie Central Basin
Temple
Senate
Lake Erie
United States of America
Work and share for the common good in tough times
A Chronicle-Telegram reader argues that able bodied people should work to eat, criticizes government and unions, supports President Reagan's plans, and urges Christians to sacrifice by sharing hours and paying taxes rather than supporting prisons, noting many want work and will endure loss to survive.
MENTIONED IN THIS ARTICLE
Reagan
U.S
Florida
Gun rights versus gun control stir readers debate
A reader argues against gun restrictions, claiming firearms defend homes and deter crime. They criticize gun bans, reference Florida crime trends, and dispute social and Communist rhetoric, urging continued handgun ownership and opposing federal tightening. The letter cites Joan Beck and concludes with a personal stance.
Also Mentioned on This Page
The
Bronx
Washington
William Raspberry
Ronald Reagan
Soviet Union
United States
Moscow
New York
Andy Rooney
Bill
James H. Angel
Citizens For Land & Water Use Inc
Cleveland
the Chronicle-Telegram
Joan Beck
Kennesaw
Foire
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