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...rates, will disqualify some prospective home buyers because FHA will require proportionately higher incomes to meet the higher monthly payments. Six months ago, Miami Builder Ken Laurence was selling a $12,500 model with a total monthly payment of $74, including taxes and insurance; last week, with the interest tab up ½% and maximum FHA terms sliced from 35 to 30 years, the same house sold for $13,000, with a $99 monthly payment. "It's sure to kill a lot of our sales," said Laurence...

Author: /time Magazine | Title: Housing: A Three-Story Pinch | 4/22/1966 | See Source »

Under the honor system, shoppers select their groceries, tot up their tab on an adding machine, then pay a cashier. The sum is never questioned. "From time to time," says Migros Sales Chief Rolf Frieden, "we have customers who come back saying they underpaid us, but it happens just as often the other way. We always make up the difference, no questions asked." At the test store, sales went up, overhead went down, and pilferage amounted to only 0.3% of sales, just about what it had been before...

Author: /time Magazine | Title: Switzerland: Word of Honor | 3/18/1966 | See Source »

...were hustled off to other rooms, while 140 other patrons arriving over the weekend were lodged elsewhere. Workmen swarmed over the pentagonal three-room King Kalakaua Suite-overlooking Waikiki Beach to ready it for the President. A seven-ton air conditioner, a monarchic double bed, and several cases of Tab and low-calorie Dr. Pepper were sent up. An ancient freight elevator was refurbished for the President's use with red carpeting and plywood paneling from the Philippines. Signal Corpsmen from Pacific Command Headquarters at nearby Camp Smith worked through the night stringing communications wires at the hotel...

Author: /time Magazine | Title: Nation: Making the Decisions | 2/18/1966 | See Source »

Research grants from the Advance Research Projects Agency of the Defense Department paid the $10,000 tab for the hook-up with Santa Barbara...

Author: NO WRITER ATTRIBUTED | Title: Santa Barbara Computer Used by Harvard Group For Mathematical Study | 2/14/1966 | See Source »

...beautiful picture of life on a great spumy boulder set in a western sea. Somewhat unjustly, the critics found it pretentious, and the public couldn't have cared less. So Flaherty waited twelve years to make his next important picture. In 1946 Standard Oil picked up the tab for Louisiana Story, a mellow and charming parable of the encounter between nature and technology, the crocodile and the oil derrick. In 1951, at the age of 67, Flaherty died of a cerebral thrombosis...

Author: /time Magazine | Title: Books: Visions in an Ice-Blue Eye | 1/28/1966 | See Source »

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