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LAND. Real estate speculation in areas of intense commercial development is yielding some of the largest inflation fortunes. Prime examples: land located along the proposed route of Atlanta's rapid transit system and near the mammoth Dallas-Fort Worth Airport. A Dallas real estate group recently sold for $45,000 a parcel of virgin land that it had bought only two months earlier for a mere $6,000. To a lesser extent, inflation also benefits the typical owner of a mortgaged home. Since the value of the dollars used to repay the debt is lessening, the mortgage...
Nixon has tried to make fast his slipping anchor on the right. He scuttled a land-use bill in Congress, opposed big subsidies for mass transit and proposed amendments to weaken a consumer-protection bill. But conservatives regard such shifts as being too little and too late. Says Maryland Congressman Robert Bauman: "After five years of losing initiative a change at the last minute to win back our support isn't going to help." So much criticism of Nixon was voiced at a conference of conservatives in Washington last January that Presidential Assistant Patrick Buchanan rather defensively asserted...
Streetcar Named Desire. Mass transit at last. In the primary election in Illinois last week, a mass-transit proposal rode to victory while former U.S. Attorney Dakin Williams failed in his second bid for a Senate seat. He once said of an opponent, Roman C. Pucinski: "Poochie? The only thing he could be is Stanley Kowalski in the greatest American play ever written--A Streetcar Named Desire by my brother, Tennessee Williams, the greatest playwright who ever lived...
Director Hal Ashby further jags the film with fade-out-overlap transitions, the idea being that everything is in transit, with close-ups of buses and trains, dolly shots galore. This is a self-conscious technique, particularly when the general look of the film is dull and formless. Even when you're trying to put across existential banality there's no reason to sacrifice style, but Ashby does. The prison-to-prison closedness of the action seemed to make the moviemakers shove messy details into the inbetween rather than shape new levels of meaning or regulate the rhythm. "Significant" background...
...operate at 82% of capacity. Oil imports are dropping steadily, reports the FEO: from 5 million bbl. a day two weeks ago to 4.9 million bbl. last week. Compounding an already bad situation, most drivers still seem unwilling to form car pools or switch to alternative forms of transit. In a Gallup poll last week, 79% of those interviewed said that they used autos to go to work-exactly the same proportion...