Word: evening
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Dates: during 1960-1969
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...apartments is not adequate. The U.S. has long taken pride in being the best-housed nation in the world, but today-despite its riches and technological power-it has slipped behind the pace of almost every big country in Western Europe in construction per capita (see chart following page). Even the U.S.S.R. puts up more housing than the U.S., though the Soviets' prefabricated apartments are so cramped and shoddy that most would be unrentable to middle-class Americans. George Romney, the Secretary of Housing and Urban Development, calculates that new housing in the past four years has fallen more...
...Even if the Government would permit it, most S. & L.s and mutual savings banks could not afford to raise the rates they pay to depositors. The bulk of their assets is invested in 20-year to 30-year mortgage loans at the much lower interest rates of bygone years. Insurance companies, normally the third biggest source of mortgage money, have increasingly withdrawn from the housing field. Wary of inflation and eager to improve their profits, they are funneling most of their property loans into projects in which they become part owners...
...Association, which is privately owned but Government-controlled, has become the principal source of funds for Federal Housing Administration and Veterans Administration loans. But money is so scarce that average private mortgage rates have risen from 6.4% two years ago to 8.1% now. Many borrowers must pay 81% or even 9%. Though the rates may fall a bit next year, they will probably stay high by historical standards. Any would-be buyer who holds off in hopes of a significant drop in overall housing costs is likely to be disappointed...
...fundamental reforms are likely to occur unless the public really demands them. The status quo is defended by many powerful forces -some unions, bureaucrats, local-government officials, even by elements of the fragmented housing industry itself. Until now, the existing scheme of things has been supported by public ignorance and apathy. Yet millions of people are being victimized-the mobile executive who cannot afford a comfortable house, the city resident in the greatly overpriced apartment, the slum dweller who has a tough time finding any housing that qualifies as decent. The lives of these people are indeed being shaped...
...with her straight-arrow boy friend (Wendell Burton) while he is studying for his finals, puts tape across her mouth-'cause she's promised not to talk to him-and communicates with him by holding up signs. College is some bucolic wonderland where it is always fall, even in the depths of winter, and the students think that S.D.S. is some new kind of 3.2 beer. The Sterile Cuckoo is not only irrelevant to today, it is irrelevant to any time at all. Liza Minnelli, who is much too obviously the star of this project, strains to bring...