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Between 1959 and 1969, Derold Happel and his wife Brenda rented up to 300 acres of fertile farmland in Iowa's Benton County, northeast of Des Moines. They longed for land of their own, but they had no assets they could mortgage to get a big enough loan from local banks. A friend told Happel about the Farmers Home Administration. He borrowed $60,000 for 40 years at 5% from FHA and bought 120 acres of prime land with the cash. Today he owns 275 acres, rents 500 and farms 425 more for an absentee owner. Without FHA, Happel...

Author: /time Magazine | Title: High Cost of a Helping Hand | 3/2/1981 | See Source »

...looking into banks and investment management firms. Similar to when I selected a college, I want to stay in the Northeast region, Boston or New York would be great," Hackett says. "Ideally I'd like to attend business school within the next few years, but right now I'm after the practical experience...

Author: By Michelle D. Healy, | Title: Bobby Hackett | 2/28/1981 | See Source »

...further information on the means to salvage the economy, the political balance, and the nation in general, Tsongas recommends his own book, expected out this fall. Unlike the Massachusetts Plan, which is dominated by outlandish strategies for better energy use in the Northeast, the Tsongas tome will be a more comprehensive work "to get people to think through, what is a political philosophy...

Author: By Paul M. Barrett, | Title: Saving the World Without Easy Answers | 2/20/1981 | See Source »

WITH FAST, INTUITIVE brush strokes Carlos Diegues" Bye Bye Brazil captures the spirit of an entire subcontinent in the flux of modernization. Rambling from the dusty old town of Pirhanhas in the Northeast where the facades of buildings look like pastel stagesets, to the parched hopelessness of the plains, down into the teeming Amazon jungles and out to the polluted, industrial port cities and the awkward metropolis of Brasilia, the film follows its motley heroes feeling their way from the old to new. Diegues revels in the journey, sketching his way across the country recording the colors and complexities...

Author: By F. MARK Muro, | Title: To the Brazilian Beat | 2/5/1981 | See Source »

...proposal to help the urban poor to migrate to the Sunbelt [Jan. 12] could be the Snowbelt's blessing in disguise. If Chairman William McGill's commission can create an efficient and economical enticement for all the poor of the Northeast to migrate to the Sunbelt, where the work is, perhaps the urban communities of the North can survive after...

Author: /time Magazine | Title: Letters: Feb. 2, 1981 | 2/2/1981 | See Source »

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