Word: putting
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Dates: during 1960-1969
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Smelling the Public. Kerkorian hopes that Aubrey, whom he met for the first time only two weeks ago, can put new vigor into the ailing MGM lion. Kerkorian wanted a show business veteran to replace financial man Polk, but his choice for the presidency, Herb Jaffe, a vice president of United Artists, turned the job down. Gregson Bautzer, the Los Angeles socialite lawyer who counts both Kerkorian and Aubrey among his clients, introduced the two men at the Beverly Hilton and recommended Aubrey for the job. Bautzer's sales pitch: "Jim Aubrey has a real good sense of smell...
Another executive was recently shifted from Manhattan to Chicago. When he put his suburban New York home up for sale, one eager would-be buyer offered him $500 to be first to bid on it. He sold the house for a large profit. The disillusionment set in after he moved to Chicago and sought a house in the suburbs. "I had to pay much more for less house," he complains...
...rates rise rapidly, as they have this year, the financial institutions that normally provide most of the credit run short of money. Savings and loan associations and mutual savings banks have been hard hit by withdrawals; depositors have simply shifted their money out of savings accounts paying 5% and put it into Government bonds that offer an enticing...
Because of soaring operating costs, 55 of the 85 largest public housing authorities in the U.S. face a financial crisis. Instead of raising rents, the authorities have been neglecting maintenance; now Congress is considering a bill to increase federal subsidies. Over the past three decades, the Federal Government has put more than $7 billion into housing subsidies and urban renewal. Still, one-sixth of the U.S. population lives in overcrowded or substandard housing...
...housing crisis has put pressure on the industry to modernize its methods. For decades, the ancient heritage of local controls was reflected in the industry's organization, methods and vision. The typical builder was an ex-carpenter who kept his office in his hat, drew plans on an old paper bag, clung to stick-by-stick construction techniques, operated with shoestring financing. Now dozens of major U.S. manufacturers and other large enterprises are moving into housing and land development with bulging bankrolls, big teams of experts and grand plans...