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...Government-repossessed houses has risen from a few hundred in the late '60s to 3,300 at present, foreclosures occur seven times more frequently on FHA-insured mortgages than on conventional mortgages. Upset by the Tribune's revelations, Mayor Richard Daley persuaded the FHA to cancel an auction of 700 foreclosed houses scheduled for last month while a federal-city task force inspects them to determine their fitness for habitation. The local U.S. Attorney is investigating allegations against six mortgage lenders for mortgage-insurance fraud...

Author: /time Magazine | Title: SCANDALS: Haunted Housing | 9/22/1975 | See Source »

...build better schools or houses, or allocate more welfare for the lower classes, because lower-class culture can't be changed by wasteful alterations in society or environments, no matter how large-scale. Possibly, one way we can change the effects of lower class culture, Banfield postulates, is to auction off its members' babies to the highest "normal" class bidder...

Author: By James Cramer, | Title: Banfield Redux | 9/15/1975 | See Source »

Somehow, Norway seems to have a lot of trouble with classified material. In 1971 the Norwegian Ministry of Defense inadvertently auctioned away some documents dealing with the missile air defense system for Oslo. Last year there was another auction of some old cabinets. They contained, among other things, detailed drawings from one of NATO's most important bases for maritime air intelligence in northern Norway. Last week embarrassed Norwegian officials admitted that for the past eight months, mail from the Joint Norwegian Military High Command and other military units intended for the West German embassy in Oslo had been...

Author: /time Magazine | Title: NORWAY: Wrong Address | 8/11/1975 | See Source »

...build better schools or houses, or allocate more welfare for the lower classes because lower-class culture can't be changed by wasteful alterations in society or environment, no matter how large-scale. Possibly one way we can change the effects of lower-class culture, Banfield postulates, is to auction off its members' babies to the highest "normal" class bidder...

Author: By Jim Crumer, | Title: Banfield's Back | 8/1/1975 | See Source »

Festivities open tonight at 8 with a dance--music provided by two live bands who play nothing but Beatles tunes. Tomorrow there's an auction of all the T-shirts, buttons, posters, etc., that Pope's been collecting, followed in the afternoon by a series of guest speakers. You can hear author-photographer Jurgen Vollmer reminisce about the days when the Beatles were Teddy Boys in Germany, or listen to Richard DiLello talk about what it was like to be an office boy at Apple, Ltd. And if that's not enough, you can feast your eyes and ears...

Author: By Natalie Wexler, | Title: MISCELLANY | 7/25/1975 | See Source »

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