Word: houstons
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Dates: during 1980-1989
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...associations are running out of money to lend. In the Chicago area, new home sales in February tumbled 30% below the 1979 level. Contractors are laying off so many workers that 60% of the area's construction labor force may be unemployed in two to three months. In Houston, starts are down 50%, and John Pace, president of the Greater Houston Builders Association, speaks gloomily of "tens of thousands of homebuilders across the nation who are going broke." Builders, he points out, generally have to borrow from banks at interest charges that are two or three points above...
That day after the South Carolina defeat, Connally, his closest advisers, his wife Nellie and his oldest son John B. III flew home. For 5½ hr. in flight they mulled over his chances. With little dissent and little anguish, Connally reached his decision. In Houston, Nellie's arm was around him, patting him gently as he announced, his eyes moistening slightly, that he did not "intend ever to be a candidate again...
...more graceful in defeat than he had been during the chase. Connally and Nellie drove to Houston's River Oaks Country Club for a late supper. As they entered the dark grill room, the home folks' heads turned in recognition. And suddenly, as a group, they stood at their seats and applauded...
...surgeon chosen to operate on the Shah's spleen was one of the world's most celebrated heart specialists, Michael DeBakey, president of Houston's Baylor College of Medicine. DeBakey was selected because the surgery, which is normally not a difficult or life-threatening operation, might lead to cardiovascular complications. At week's end DeBakey flew to Panama with a team of five assistants; Panamanian medical authorities said that the visiting specialist could examine his royal patient, but were holding up permission for DeBakey to perform the surgery...
...serious booby traps in the treaty's language. They note that it speaks of the moon and its resources as "the common heritage of mankind" and calls for "an equitable sharing" of them by all countries, whether or not they have participated in the lunar enterprise. Warns Houston Lawyer Art Dula, in the L-5 News: "Free enterprise institutions simply cannot make significant investments in space while they are under the threat of suit over treaty terms or ex post facto appropriation of their investments by a nebulous future international regime...