Word: low-cost
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...University of Vienna on his way to garnering over 130 chemical patents. His pioneering work with soybeans led to discoveries ranging from a drug for treating glaucoma to aerofoam, the Navy's fire-extinguishing "bean soup" of World War II. But he was best known for his low-cost method of synthesizing cortisone, which made him both a millionaire and a major financial angel to the civil rights movement...
...commercial banks have long been criticized by politicians for lavishing too much of their resources on high-yielding multinational investments and not enough on low-cost housing and other socially desirable projects in their own localities. Last week the New York State legislature moved to resolve the issue in a way that could conceivably alter the face of banking across the country. The Assembly's Committee on Banks began a series of hearings on a strongly supported bill to create a publicly financed, state-operated bank that would compete for business with private financial institutions...
...Their differences reached a boiling point in February when the private banks, apparently fed up with the chronic budgetary ills of Albany and New York City, refused to bid on bonds issued by the state's Urban Development Corporation. The UDC, created by the legislature mainly to finance low-cost ghetto housing, could not pay off $104.5 million in one-year notes. The state was forced to undertake an exceedingly costly rescue operation to save the agency from bankruptcy...
...right. Each one of the leaders has been grinding the community axe for so long that its blades are all but worn away. Harvard Square Task Force head Oliver Brooks has been a thorn in Harvard's side ever since he pushed for community input when building Harvard's low-cost housing projects of the '60s. Pebble Gifford was instrumental in compiling the Harvard Square Comprehensive Policy Plan that Harvard routinely dismissed as inaccurate and unhelpful. Brett Donham '60 is a long-time critic of Harvard's housing policy and James Herold '66 represents the Agassiz Neighborhood Planning Group that...
...pulpo, or the octopus. More than one Latin government that got in its way fell. Since merging United Fruit with his own AMK Corp. in 1970 to form United Brands, however, Black had been trying to bury the el pulpo image. By paying high wages, providing workers with low-cost housing, building schools and operating well-equipped hospitals, he had earned a reputation as a businessman with a social conscience...