Word: buildering
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Officially approved axles have frequently been altered, said Lange, and trim has been added for the sake of ballast. The customary limit on construction costs is $75, but Lange once had an offer from a professional car builder at $2,500. As for the rule that the boys must build their own cars, Lange said, "It is common knowledge that it is next to impossible for any eleven-year-old boy or girl to build a racer that...
Died. Walter Ulbricht, 80, the East German Communist leader and builder of the Berlin Wall (see THE WORLD...
Deffet has made the System work for him, despite being that rare builder: an ardent advocate of open housing. As a teenager, he worked two summers as a railroad section hand and got to know poor blacks. Out of that experience has grown his conviction that everyone ought to share well in the rewards of the System. Deffet was born and reared in Columbus, attending Catholic schools and later the University of Dayton for two years. After an Army hitch in an Alaska ski troop and several years in his father-in-law's Columbus real estate business...
From a broker specializing in trading homes, Deffet became a builder. His success has been based on shrewd decisions about where to build, careful use of credit leverage available in real estate, and a timely merger with a paving and contracting firm. His refusal to discriminate has been no hindrance. As far back as 1963, long before federal open-housing laws existed, he was advertising each of his apartment projects as a "fair housing community, which practices open occupancy...
...holdings-appraised at $15 million-for diversification. Horn & Hardart recently sold a block-sized commissary for $4,000,000 and used the money to help buy Hanover House Industries, a $17 million-a-year mail-order business. Guterman also is talking joint hotel-restaurant ventures with a big motel builder. The vaudeville aura seems to have carried him away, however; he has approached Soviet authorities with the idea of opening an Automat in Moscow. "Can you imagine the excitement that would provoke?" he beams...