Word: buildings
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Dates: during 1960-1969
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...golden opportunity for a massive kickback scandal, since whichever construction company received the contract would, of course, be quite appreciative. In addition, the dirt that the company would have to dig up in order to build the garage would make good landfill, and as Massachusetts politicians would say, "there's many a slip between the cup and the state treasury...
...Student Cabinet of the Graduate School of Education voted unanimously last Monday to request that a representative. William Hall, attend the meeting. One issue to be discussed is the issuing of a contract to build Gutman Library, the new Ed School Library...
...Insurance companies, which are normally major buyers of bonds and mortgages, are being drained of cash by loans that they must make to policyholders who cannot get credit so cheaply elsewhere. But the bond-mortgage slump reflects even more the ravages of inflation. Corporations, for example, are hurrying to build new plants before construction costs rise even further (see following story), and are selling huge quantities of new bonds to raise the cash. This month U.S. corporations will try to market $1.2 billion worth of new bonds, their heaviest December financing in history...
...prices. (Some mortgage lenders now grumble that they are "stuck" with loans made years ago at interest that seemed high then but is low now.) The end result of this process would be that investors would refuse to supply as much long-term credit as the nation needs to build needed houses, schools and other facilities...
Markus died in 1965, and the parent holding company is now run by a triumvirate of Beyer, Chairman Joe D. Bain and Vice-Chairman Burton Borman. "We are beyond working for a living," says Beyer. "We would like to build a billion-dollar company. It has become an extension of our egos, because pur egos soar, and we want to keep building and getting accolades. We also enjoy money." Apparently these father images also enjoy the responsibility of looking after an ever-larger family of salesmen...