Word: soaring
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...puzzler is How the Other Half Loves. Will this comedy, currently playing at the Wilbur Theatre, and destined for Broadway, soar or falter in New York...
Indirect Costs. Another argument met the developers head on. Do skyscrapers really benefit a city? No one denies that big buildings provide big tax revenues. Even so, recent studies show that as a city grows denser, the per capita costs of all municipal services, including administration, soar. In addition, Manufacturer Duskin contends, towers built in San Francisco since 1965 have had another city-blighting effect. They create new office jobs-but for the wrong people. He quotes a report revealing that jobs held by commuters have gone up by 23%, while jobs for city dwellers have increased by only...
...part will probably be siphoned away by higher taxes, but those taxes could help to pay for cleaner air and water, improved medical care, better teachers, more reliable public transportation and new day-care centers for working mothers. Even so, the demand for luxury goods and services will probably soar. Millions of families will buy or rent more lavish homes and apartments, and load them with the latest gadgets. Marketing analysts anticipate a big increase in sales of swimming pools and second homes. Spending for leisure and travel will rise anew, in part because of the increase in three...
...manned space flight. Next week, his lean body practically unchanged by the passage of years, the same pioneering astronaut will command NASA's fourth manned assault on the moon. At the age of 47, Captain Alan B. Shepard Jr. is the oldest American* ever to soar into space, the only one of the original Mercury astronauts still on flight status and clearly one of the comeback heroes of all time. In 1963, after he had been selected to pilot one of the early Gemini flights, Shepard was dropped from space flight and barred even from flying except when accompanied...
Buyers of Fannie Mae stock have been gambling that interest rates will continue to fall. Even a modest ½% to 1% drop in the rate that the corporation pays for its funds could cause profits to soar. Reason: Fannie Mae borrows short but lends long. By issuing three-year debentures last week, for example, the corporation borrowed $500 million at an interest rate of 5¾%, the lowest in more than two years. Meanwhile, Fannie Mae will be collecting income on a huge bundle of recently written mortgages-many of them paying 8½%- that run for 30 years. "Fannie...