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The paper is based on a study of mortgage default risks associated with natural disasters. These risks are faced by holders of mortgages when forced by default to acquire damaged properties. A sample of residential mortgage properties damaged in the 1971 San Fernando, California earthquake is...
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Modern technology clearly produces many benefits to society. These benefits, however, are not achieved without cost. One extraordinary cost is the effect on environment and public health caused by industrial hazardous waste. … Federal and state governments have taken steps to control against...
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