Word: localism
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...easing up on income requirements, Mason gave a bright green light to builders to pack more quality into houses. The new directive specifically instructs FHA local offices that "no otherwise acceptable" credit application for a house costing more than $12,000 is to be turned down because the builder spent "a few hundred dollars" putting in better wiring, insulation or wide roof overhangs. Such quality items, said Mason, actually cut down on house maintenance costs. Likewise, complete kitchens were okayed for houses over $12,000. Where builders in the past had to leave out appliances because they ran the initial...
...past, local FHA offices normally considered that a prospective home buyer could afford to spend only about $1,000 a year plus a tenth of his after-taxes income above $3.000 on housing. Now FHA offices will approve credit applications in which $1,000 plus a fifth of income above $3,000 is budgeted for the mortgage, utilities and upkeep. Under the old standards, a buyer with an after-taxes income of $5,000 could not expect to qualify for an FHA-insured house costing more than $10,600 unless he had more than the minimum required down payment...
This was a blow to the hotel's creditors, mostly local businessmen. They appealed to the State Tax Commission to show the proper Las Vegas spirit and give the hotel one more chance to get even. From the sympathetic commission came approval of an unprecedented experiment: an eight-day trial to see if the Royal Nevada could separate enough cash from Christmas season gamblers by the end of the year to pay its bills...
...bankroll the Royal Nevada again, Richardson got $150,000 from Joe W. Brown, oil-rich Texan owner of the local Horseshoe Club, and the hotel started gambling. As 1958 rolled in, Manager Maurice Friedman happily said that cash flowing across the tables had reached $211,711.35. As for precise winnings, Friedman was Vegas-vague, but Bankroller Brown had his money back, and the creditors were satisfied enough not to foreclose...
Pigs in a Brassière Factory. Dave's father is a salty old reprobate who once ran off with the family doctor's wife and returned only to booze away his social security money at the local bars. Older brother Frank, acting head of the family, is a canny millionaire-in-the-making and a guilt-ridden lecher who loses successive mistresses to his wife's beagle-eyed sleuthing. Dave cannot stand the pompous Philistinism of Frank and his circle, gravitates toward Parkman's lower depths, a kind of Mermaid Tavern setting where the young...