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...million a week.' For loans on new or used houses, the association will accept bids to deliver mortgages within either three or six months. For houses yet to be started, it will accept mortgages to be delivered within a year-a condition that will enable builders to erect subdivisions without gambling on the future cost of financing. "The more flexible we are, the more money there will be for mortgage loans," says Lapin. "That should mean some reduction in costs for buyers, as well as a substantial increase in housing starts...

Author: /time Magazine | Title: Mortgages: Shrinking the Federal Realm | 4/26/1968 | See Source »

...session after session the tutors warned against any effort on the part of brachy students to usurp dolicho values. These values included organizing social clubs, participating in politics, driving cars, and walking erect...

Author: NO WRITER ATTRIBUTED | Title: A FABLE | 4/16/1968 | See Source »

...unlikely cause of the proceeding was whether or not the First Presbyterian congregation should tear down its present church. Last winter, by a vote of 169-121, the congregation accepted the recommendation of a building committee to demolish the First Presbyterian's 112-year-old church and erect a much-needed larger one. Baker, 62, a professor of Victorian literature at the University of Iowa, protested that the old church was an "architectural gem" and should not be destroyed. With his wife, he embarked on a vociferous campaign to save...

Author: /time Magazine | Title: Presbyterians: Inappropriate Testimonial | 2/9/1968 | See Source »

Later, the police let the crowd huddle in a stairwell near the courtroom door, where plainclothesmen snapped photos of everyone in sight. Police had replaced the hallways' dreary lights with new, high-powered bulbs to accommodate the cameramen. One of the main protesters was a balding but erect Soviet general in his 60s who circulated petitions among the assemblage, brandished his cane at a policeman who took his picture. "I'm not afraid of little boys!" shouted Major General Pyotr Grigorenko, who was fired by ex-Premier Khrushchev for protesting "lack of freedom" in the Soviet Union...

Author: /time Magazine | Title: Russia: Off with the Mask | 1/19/1968 | See Source »

...conventional way to build a "status" office building in Manhattan today is to erect a slender tower set back on a giant open plaza. But the Ford Foundation is the world's largest philanthropic organization, dedicated, among other things, to "fostering the realization of individual human dignity and worth." It gives away $300 million a year, much of it for studies to improve city living and architecture, and for the arts...

Author: /time Magazine | Title: Sculpture: Savonarola in Nylon Skeins | 1/5/1968 | See Source »

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