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Mortgage men hold out a bit more hope for 1974 if the Federal Reserve loosens up on the money supply and loan demand diminishes. Joseph T. Benedict, president of the Worcester, Mass., First Federal Savings and Loan Association, predicts that mortgage rates could come down as low as 8% by midyear. Even if he is right, though, many would-be house buyers have to write off the rest of 1973 and mutter "Wait until next year." Meanwhile, they have to live somewhere, and that necessity provides the only bright spot in an otherwise dreary housing picture. The once sluggish rate...

Author: /time Magazine | Title: HOUSING: Inflation Nightmare | 10/22/1973 | See Source »

...Paul Benedict becomes a bit too automatic in presenting Edgar's half of the thrust and parry, but knows how to get the most out of humor based on repetition "We'll say no more about this" he concludes several exchanges, and delivers the line at just the right time in each instance. Benedict plays a character whose motto is "eliminate, wipe out, carry on" in a manner suggesting a malicious version of Edmund Muskie...

Author: By Phil Patton, | Title: Play It Again, Friedrich | 12/7/1972 | See Source »

...Margaret Mead's teacher and friend, Ruth Benedict, went to lunch with Margaret's father. Later Anthropologist Benedict wrote to her student: "My congratulations, Margaret. I don't see how you ever grew...

Author: /time Magazine | Title: Behavior: Miss Markit Mit | 11/27/1972 | See Source »

...degrade the mind." Christianity finally bestowed a measure of dignity on work. Slaves and freemen are all one in Christ Jesus, said St. Paul, adding: "If any one will not work, let him not eat." For the medieval monks, work was a glorification of God; the followers of St. Benedict, the father of Western monasticism, set the tone in their rule: "Laborare est orare"-to work is to pray. During the Reformation, John Calvin asserted that hard-earned material success was a sign of God's predestining grace, thus solidifying the religious significance of work. Around Calvin...

Author: /time Magazine | Title: Time Essay: Is the Work Ethic Going Out of Style? | 10/30/1972 | See Source »

...survive, Wills believes, the church must be "resurrected from the feet up." New forms of life have come from outside the hierarchy: "from Athanasius at local councils, Benedict in the monasteries, Francis of Assisi in the roads." Reformers of the past-from Savonarola to John Henry Newman-suffered or were silenced in their time but eventually prevailed. "It has always been the task of the prophetic church to redeem the kingly church," Wills concludes. "As Pope Innocent needed St. Francis, Paul VI needs Dan Berrigan...

Author: /time Magazine | Title: Books: Fall Collection | 10/23/1972 | See Source »

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