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Larry Austgen, 31, of South Holland, Ill., is a contractor by trade, but a gambler by nature. Two years ago, Austgen built his first speculative house in suburban Chicago's posh Plum Valley: a luxury 2,400-sq.-ft. brick home guaranteed, he thought, to have the buyers lining up. Wrong. By the time it was built in August 1979, soaring mortgage rates and a souring real estate market had made a lemon of Austgen's plum. The house, appraised by realtors at $147,000, sat unsold for more than 18 months. Then Austgen had a sporting proposition...

Author: /time Magazine | Title: Americana: Poles Apart | 4/27/1981 | See Source »

...Complaints that HRE has paid contractors exorbitant prices for repairs and then tried to pass the costs on to tenants through rent increases. An independent contractor retained by tenants in one building testified last month that Harvard paid close to three times what it should have cost to paint walls and repair windows in one building a charge that University officials have also denied...

Author: NO WRITER ATTRIBUTED | Title: Harvard Real Estate Three Years Old; Tenants Beginning To Band Together | 4/14/1981 | See Source »

...Columbia, scheduled to be launched from Cape Canaveral this morning, uses five launch support systems that Halem helped Pan American World Airways, the Kennedy Space Center's contractor, develop...

Author: By William J. Jason, | Title: Student Helps Design Programs For Space Shuttle Computers | 4/10/1981 | See Source »

...Pentagon so willingly finds military needs to fit the latest industry proposals. The most prominent example of this cozy Pentagon-arms industry relationship is Secretary of State Alexander Haig, who on retiring as Supreme Commander of NATO became president of United Technologies Corporation, the nation's third-largest defense contractor...

Author: By Matthew Evangelista, Tim Gardner, and Murray Gold, S | Title: MILITARY SPENDING: | 3/19/1981 | See Source »

...Saudis in counterterrorist tactics. Now the Saudis are especially interested in such European-produced "next generation" weaponry as Leopard tanks from West Germany and the Super Mirage 4000s from France, and they are prepared to trade highly sweetened, long-term oil deals for them. Explains a West German defense contractor: "There's prestige in mere possession of such weapons systems It strengthens their bona fides with other Arabs. And God knows the Saudis can afford them." In addition, in the Saudi view, if the West Europeans can also exert some leverage on the U.S., so much the better...

Author: /time Magazine | Title: Saudi Arabia: Shoring Up the Kingdom | 3/16/1981 | See Source »

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