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...year for college housing loans, $650 million a year for urban renewal, big subsidies for low-income housing, a step-up in Federal Housing Administration authorizations and liberalized terms, a new Cabinet-level Department of Housing and Urban Development, a loan fund for suburban planning, aid for mass transit, etc. Cost of the package: not disclosed...

Author: /time Magazine | Title: The Economy: Advice from Activists | 1/13/1961 | See Source »

...relay station for forwarding floods of messages almost instantaneously around the curve of the earth. Echo I, the 100-ft. balloon satellite, which is still a striking naked-eye spectacle in the sky, showed the value of a large, passive reflector from which to bounce radio waves. Transit satellites I-B and II-A were U.S. Navy prototypes for a network that will outmode all previous methods of air and sea navigation. The U.S.'s Pioneer V lived up to its name by spinning into an orbit around the sun, still sending radio messages back to earth when...

Author: /time Magazine | Title: Man of the Year: Men of the Year: U.S. Scientists | 1/2/1961 | See Source »

...only absolutes, and full absolution; Durrell is convinced that the Greeks live "beyond good and evil." The only space that matters to them is the spot they occupy. Asked the distance to a neighboring town, a Corfiote villager would reply with the number of cigarettes smoked in transit. With the reminder that "Poverty is the Tenth Muse" of Greece, Durrell makes the inevitable attempt to define the national character: It "is based on the idea of the impoverished and downtrodden little man getting the better of the world around him by sheer cunning. Add to this the salt...

Author: /time Magazine | Title: Books: Adrift on a Wine-Dark Sea | 10/31/1960 | See Source »

...general manager of the Metropolitan Transit Authority said yesterday that he would not object to selling the controversial Bennet St. switching and storage yards to the University, if the MTA could find another base of operations and vacate the land...

Author: By Peter S. Britell, | Title: New MTA Manager May Allow Sale Of Storage Yards to University | 10/25/1960 | See Source »

...Open Transit...

Author: /time Magazine | Title: Letters, Oct. 10, 1960 | 10/10/1960 | See Source »

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