Word: accounts
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Dates: during 1970-1979
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...really Turow's fault that Harvard's name carries the prestige it does, but he certainly goes out of his way to exploit it. He prefaces his book--essentially a blow-by-blow account or his first year--with his excuse, suggesting he decided to write about Harvard because it's the oldest and biggest law school (which he says makes the experience of students here exemplary of all law students in America), and, of course, because he goes here. Nonsense. One L is a paean to status symbols, a description of Turow's willing indoctrination into the country...
More and more people are looking on a house not just as a place to live but as the best investment they can make?better than a savings account, better than bonds, far better than the sagging stock market. The price may be a shock and the monthly payments a severe strain, but many families think the value of their home is bound to jump. Even if it does, the profit is only on paper until the house is resold, and most families will then have to buy another house at inflated prices. But they do get a big break...
...main reason for housing inflation is that land prices have multiplied six times in the past 20 years and now account for an unprecedented 25% of builders' costs. In some regions the spiral appears to be accelerating. Two examples: in Miami's Bade County, a basic 100-ft. by 75-ft. lot that sold for $3,500 a decade ago now commands $17,500. The price has risen $2,000 just since May, and Douglas Wiles, a Miami housing economist, predicts a further $4,000 increase by year's end. In the northern Virginia suburbs outside Washington, D.C., Builder Edward...
...land than single-family houses do. For a while early in the 1970s, apartment building surged, but now taste is swinging back to the classic detached house. Apartment construction fell even more rapidly than house building during the recession of 1973-75 and has not really recovered; such dwellings account for only 19% of this year's housing starts, v. 39% in 1969. Many Americans share the sentiments of Cheryl Johnson, who with her husband Michael, a Zenith personnel supervisor, is straining the budget to buy a $53,000 house 35 miles north of Chicago. Says she: "After apartment living...
Chinese Shadows is a brilliant, uncompromising account of political distortion and sycophancy in contemporary China. Simon Leys, the pseudonym for Pierre Ryckmans, a distinguished Belgian-born Sinologist, lucidly argues that the Chin of Mao, so far from being a revolutionary paradise of egalitarianism, is a monstrous tyranny ruled over by a new privileged class of bureaucrats and generals...