Word: four-or
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Since the 90% of Jim Walter Corp. house buyers who finance the purchase through the company pay as much as 12% interest on four-or six-year terms, Walter last year grossed more than $5,000,000 in interest payments, some $1,600,000 more than the firm paid out for its own interest and bank charges. Beyond this, there is the profit of the subsidiary company that insures the shell homes against fire and theft. Adding it all up, Jim Walter has made an estimated $9,000,000 in shell housing...
...Liberals, the New York Yankees of Canadian politics, controlled 167 of the House of Commons' 265 seats at dissolution, rank as odds-on favorite to stretch their 21-year rule by another four-or five-year term. They are presiding over an economy throbbing with prosperity and boasting a $282 million budget surplus, their ninth surplus in ten years. In the last session of Parliament, the government cut taxes, increased old-age pensions and "baby bonuses," i.e., mothers' allowances. It put through a national hospital insurance act. But for their political heavy artillery, the Liberals still rely mainly...
...with a strong drum accent on the first beat of every bar. Dancers take a step on each beat, so that the dance looks somewhat like a less dignified version of the Spanish paso doble (bullfighters' march). Basic merengue figures are a graceful two-beat side walk and four-or eight-beat spot turns (see diagram). "It's easy," says Manhattan Dancing Teacher Josephine Butler. "You do a fox trot with one leg and a rumba with the other...
PENN CENTER office and residential development in Philadelphia, which was started last year by Manhattan's Uris Bros. (TIME, June 1, 1953), is getting a big addition. For $35 million, Philadelphia Contractor Matthew McCloskey bought the 24-story Pennsylvania Suburban Station Building, will build a four-or five-story transportation center nearby, topped by an eight-story tower for offices for the Pennsylvania Railroad...
...warmed up in the car's pale green drawing room with North's own brand of Old-Fashioneds, then the party moves to the dining room, which is dominated by a large mural of Lady Godiva setting out on her ride. A French chef produces a four-or five-course meal (with three vintage wines), and the meal is rounded out with liqueurs. Towards midnight the party moves off to the hotel North owns in Sarasota, to take in the cabaret, which is entirely composed of acts being prepared for the circus...