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...earn revenue, or at least break even, from the rest of its holdings. When Harvard landbanks, it buys property with an eye to razing it, creating a site for construction of new University facilities. Such property is usually permitted to run down, because there's no sense in paying steep maintenance costs if the building will eventually be torn down. Landbanking can potentially turn an owner into a slumlord; the building is only secondary to the property value...

Author: By Laurie Hays, | Title: Would You Buy A Used Apartment From This University? | 6/8/1978 | See Source »

...with a dark blue Lincoln Continental. He got behind the wheel. The head of my Secret Service detail went pale as I climbed in and we took off down one of the narrow roads that run around the perimeter of Camp David. At one point there is a very steep slope with a sign at the top reading, "Slow, Dangerous Curve." Even driving a golf cart down it, I had to use the brakes in order to avoid going off the road. Brezhnev was driving more than 50 miles an hour as we approached the slope. When we reached...

Author: /time Magazine | Title: Nation: Moments from Nixon's Memoirs | 5/15/1978 | See Source »

...prix fixe seemed a bit steep, but the menu sounded impressive enough-breast of capon cordon bleu, pommes rissolées, bombe glacée-and the comic booked for the evening was strictly top banane: Jimmy Carter. For the first time in the 64 years that the White House Correspondents' Association has been inviting Presidents to its annual all-in-fun dinner, however, the incumbent did not show or send his wife or his Vice President to fill...

Author: /time Magazine | Title: Press: Adversary Relationship | 5/15/1978 | See Source »

...officials say, one of the Sukhoi-15s fired two missiles at the plane; the first hit above the left wing, while the second missed entirely. The attack killed a Korean businessman and a Japanese tourist and depressurized the fuselage, forcing the pilot, Captain Kim Chang Kyu, to begin a steep dive to an altitude...

Author: /time Magazine | Title: SOVIET UNION: Aboard Flight 902: We Survived! | 5/8/1978 | See Source »

...that Washington's policymakers were relieved. They had expected the rise to be worse. Indeed, many of them take high inflation for granted, which is the first step toward giving up the fight. They forget too easily that not too long ago 3% inflation was considered to be steep, 4% dangerous, 5% intolerable. Now experts chorus that the U.S. has an "underlying" inflation rate of at least 6%-intractable, indomitable, unassailable...

Author: /time Magazine | Title: Time Essay: Ten Ways to Cut Inflation | 4/10/1978 | See Source »

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