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...press conference he indicated that the desalinization of ocean water was even more important than space exploration. In 1958 National Aeronautics and Space Administrator T. Keith Glennan insisted that the U.S. was really not too far behind in the space race; in 1961 NASA Chief James Webb insisted that U.S. projects were "solidly based" and proceeding "step by step." In 1957 the Eisenhower Administration was embarrassed by Presidential Assistant Sherman Adams' scoff that Sputnik I was little more than a shot in a game of "outer space basketball." Last week the Kennedy Administration was monumentally embarrassed by an unwitting...

Author: /time Magazine | Title: The Administration: The More Things Change . . . | 4/21/1961 | See Source »

Another plan that should be under way soon is a blue-sky dream of William Zeckendorf's Webb & Knapp Inc.-made practical by cheap power from Bonneville Dam and Stratmat's smelting process-to retrieve iron, copper and zinc from waste copper slag cast off by copper companies. A Webb & Knapp subsidiary, in which Stratmat is to have a minority interest, plans to build a mill in Montana and buy slag from Anaconda Co. at 25? a ton. The slag heap contains iron, copper and zinc ores worth an estimated $1.4 billion. Zeckendorf even hopes to sell...

Author: /time Magazine | Title: Industry: New Era for Steel? | 4/7/1961 | See Source »

Recreation First. The community itself is a mere infant. In 1956, Phoenix's Del E. Webb, builder and part owner of the New York Yankees, began studying retirement communities. Despite most advice to the contrary, he decided that retired people often feel uncomfortable around younger couples because their interests are so different; furthermore, they do not want children underfoot. They prefer organized activities to keep them busy, want sports facilities to be ready when they move...

Author: /time Magazine | Title: Housing: Life Begins at 50 | 3/10/1961 | See Source »

...summer of 1959, the Webb organization bought 30,000 acres of land about 16 miles northwest of Phoenix, invested more than $2,500,000 in building parks, wide palm-lined streets, a shopping center, community buildings and other facilities. By Jan. 1, 1960, the organization had model homes constructed and was ready to begin selling. The modest, basically similar, concrete-block houses ranged from $8,750 for a two-bedroom structure to $11,600 for a three-bedroom and two-bath house. On the first week end, purchasers bought 272 of the neat and gay pastel houses-and the flow...

Author: /time Magazine | Title: Housing: Life Begins at 50 | 3/10/1961 | See Source »

...residents who applied for Federal Housing Administration loans showed that the average Sun City citizen has a net worth of $54,658, a yearly income of $7,878, a bank balance of $7,160-figures that supply an income for the city more solidly than any industry could. Webb figures that a retired person needs only $350 a month income to live in the community and pay for a home...

Author: /time Magazine | Title: Housing: Life Begins at 50 | 3/10/1961 | See Source »

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