Word: suburbanitis
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Dates: during 1960-1969
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...twice as much business with M.G.I.C. ($860 million) as with the FHA. Unlike the FHA, the Milwaukee firm relies on its 4,500 lender-customers to appraise the value of property it insures, screens out bad risks by spot checks. The company concentrates on loans for city and suburban one-family homes, generally insists on at least a 10% down payment. As a result, its foreclosure rate runs about half that of the FHA, which backs loans made on a mere 3% down payment, and the VA, which guarantees loans with no down payment...
...effect the medium imposed a message and Dylan, newly cleansed by the hospital wards and the suburban woodland breeze, was ideally prepared to provide...
Sunasco's troubles began almost as soon as the company was created in April 1966 by a merger of Beverly Hills-based Sunset International Petroleum with suburban Philadelphia's Atlas Credit Corp., a mortgage-banking, title-insurance and home-repair finance concern. First, a plan to float $14 million worth of long-term debentures went awry in the 1966 credit squeeze. Then the merger partners, Atlas' John L. Wolgin and Sunset's Morton Sterling, locked horns over how to raise money for the ailing realty side of their operation. Recalls Rozet: "There were four children...
Blood seeped through the student's shirt as he lay writhing on a suburban street in Evanston, Ill.. Sirens screamed as an ambulance rushed to the scene, emergency bandages and tourniquets held at the ready. A policeman ran toward the accident-and then stopped in horror and anger. Glaring at the onlooker with the camera, who made no attempt to help the sufferer, he roared: "What do you think you're doing?" "Making a movie," came the mild reply. Suddenly aware that the blood looked suspiciously like ketchup, the cop sighed: "Everybody's making a movie...
...News has faster, more modern presses than the WJT and is more centrally located in Manhattan. The city's big retailers, however, are remarkably slow to advertise in any untried medium; many are happy enough with the morning New York Times, the afternoon Post and the surrounding suburban papers. Running, on the average, some 30 pages fatter since the demise of the WJT, the Post feels more impregnable than ever. Despite forecasts of imminent death all these years, it has outlived all other afternoon challengers. "Why should I worry about another paper starting?" asks Publisher Dorothy Schiff...