Word: ourse
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Dates: during 1950-1959
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The company insures only urban dwellings (farms are a bigger risk), deals mainly in 25-year mortgages with 20% down payment. It approves any interest rate agreeable to lender and borrower (though in practice the rate usually is 6%, and is often less), charges only about half FHA's...
The U.S. can stop worrying. The Russian government may have sent up a Sputnik, but it has also entangled itself in a mass of red tape perhaps even more complex than ours.
Dr. J. Allen Hynek said tonight that a new cabinet post of secretary of science should be created because "the Russian rate of advance is faster than ours in most fields of science."
"They can have those guys," he said with some feeling. "They'll have to sweat to beat this team of ours."
"The Russian satellite is an IGY project just as ours is," he added. "However, it does indicate a great potential in the area of missiles."