Word: rundowns
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...board denied any wrongdoing. It insisted that a steady effort had been made since 1954 to change the school-district boundaries and close rundown, largely black schools. Moreover, the board maintained, Johnson was receiving a quality education. But after years of wrangling, the board's guarantors, Insurance Co. of North America, last December offered a settlement to Johnson. Explains I.N.A. Attorney Eugene Ralston: "The basic reason for settling was the enormous expense involved in the litigation. An in ordinate amount of time would have been involved in trying the case, and an appeal would have been likely." To avoid...
...several big cities-New York, Boston, Chicago-gays have moved into rundown neighborhoods, renovated buildings and set up their own bustling communities. One of the best-established gay neighborhoods is in San Francisco, where homosexuals are flocking by the thousands from all over the country to Castro Street and the Haight-Ashbury section, once the capital of hippiedom. They are even being recruited for the police department...
Even after the oil workers and Teamsters settle their contracts, an extraordinary number of big pacts, covering a wide variety of workers, will be up for renegotiation next year. A rundown of the most important...
...course, some tax havens remain. Apartment houses and the renovation of historical buildings are the most popular, largely because Congress took no steps to block nonrecourse financing of them. Thus a shelter partnership might raise $1 million from its members and $4 million in nonrecourse loans to convert a rundown building into federally subsidized apartments at a total cost of $5 million. Though the property could be assumed to have a useful life of 30 years, the investors may deduct the mostly borrowed cost over five years, providing them with $1 million a year in write-offs that they...
Wolfe and his nine-member staff work on a meager $148,000-a-year budget in a cramped and rundown Washington office. On the door is a sign in Latin: POPULUS IAMDUDUM DEFUTATUS EST (The people have been getting screwed long enough). Putting in ten-hour days, Wolfe is currently involved in a study of surgeons' fees in Washington, D.C., a stepped-up antismoking campaign, and warnings on estrogen...