There's a basic kind of tension here. It's between those who say, I'd like to clear cut this forest and reduce it to saw timber because that's an economically productive thing for me to do.
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Nationality: American Type: Politician Born: June 27, 1938 |
Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like.