Home equity loans surge as taxes reshape debt landscape
A Federal Reserve study shows home equity loans exceed 75 billion in consumer debt with about 3 million homeowners using them. Most loans were taken in the last two years as banks push low rates and flexible drawdowns. 10.2 percent average rate compares with higher rates on cards and auto loans. Main use is to pay off existing debt, with a quarter for home improvements, spurred by the 1986 Tax Reform Act favoring real estate secured borrowing.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Reagan signs Medicare bill with new benefits
President Reagan signed a major Medicare expansion to cover lingering major illnesses and home care with prescription drugs for 32 million recipients. He warned future leaders to keep costs down to prevent an unaffordable program.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Asia Nears 3 Billion Population Milestone
Seven babies are born each second in Asia and the continent nears 3 billion people. China held a ceremony urging birth control while experts in Tokyo debated the milestone and its impact on families and feeding a growing population.
MENTIONED IN THIS ARTICLE
Tokyo
Asia
China
Eastern Airlines cancels plan to sell shuttle routes
Eastern Airlines and parent Texas Air Corp canceled a contract to sell the Northeast shuttle service to another Texas Air subsidiary. The sale would have earned about 225 million dollars for the financially troubled carrier, officials said.
MENTIONED IN THIS ARTICLE
Eastern Airlines
Texas Air Corp
Eastern
Northeast
Texas Air
Washington
Buick
Chevrolet
Soviet Union
Environmental Protection Committee
Fyodor Morgan
Communist Party
Poland
Silver Street
Warsaw
Los Angeles tests new low flush toilets in city lab
In a city test lab, Hai Nguyen demonstrates a high tech toilet pushing one percent gallons per flush. The ANSI standards guide paper tests and rinse checks as LA weighs drought measures and new construction mandates.
MENTIONED IN THIS ARTICLE
Los Angeles
Hai Nguyen
R.J. Martin
American National Standard Institute
ANSI
Ifo
Sweden
Yogen R. Thakur
Larry Farwell
Goleta
Santa Barbara County
WCI
Thakar
Rolls Royce challenges pet casket logo similarity
Rolls Royce alleges Pet Rest Inc and owners Mike and Sandy McCormack use a logo resembling its interlocking Rs. Pet Rest markets satin lined burial capsules and grief services for pets, aiming for up to 1 million in annual gross. The case, filed with the U.S. Patent Office, seeks to resolve potential brand confusion.
MENTIONED IN THIS ARTICLE
Lima
Rolls Royce
U.S
Washington
Pet Rest, Inc
Mike
Sandy McCormack
Pet Rest
Mike McCormack
McCormacks
McCormack
Appeals Board
Sandy
Michael McCormack
Also Mentioned on This Page
Ume
New York
Patte Nyse
At&t
PepsiCo
Amoco
PhulPet
Ee Armiak
Aurich
ATM aTa
Wa Hockwl
Rowan
BostEd
Sim
StorTch
Axaco
Bn Unisys
Shin
Abs
Disney
Wstvc
duPont
Pierre R Sith & Co Genetch
EN First Bancorp
Goodrich
Hills Dept We
I IC Industries
Intimm
Invacare
Vine
LCE Bancorp
LNB Bancorp
Kmart
Ys Lesco Inc Kange
Nordson
Ohio Edison Ale Lilly
PNC Corp
Loral
Ary An
Parker Hannifin Af
Ta Smucker
Sunrise Medical
Merck
Texas Utilities
MerLyn
Y Woolworth
York International Mobil
Anthony Chaney
Ralph Wilson Plastics Co
Temple
Tex
Premark International
Commerce Department
L.A. Lab
Nguyen
Water Closet Inc
James S. Nishimoto
City Department of Building and Safety
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!