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...relaxed atmosphere of a resort near Acapulco, Mexico. Among the Government officials attending were George Romney, Secretary of Housing and Urban Development; Daniel Patrick Moynihan, Counsellor to the President; Charles Walker, Under Secretary of the Treasury; Preston Martin, chairman of the Federal Home Loan Bank Board; and Allan Oakley Hunter, president of the Federal National Mortgage Association. They were joined by 80 leaders from every sector of the housing industry. That is quite an increase since the first meeting at Pebble Beach, Calif., when the presidents of the National Association of Home Builders and the U.S. Savings and Loan League...

Author: /time Magazine | Title: A Letter From The Publisher: Dec. 7, 1970 | 12/7/1970 | See Source »

...interest rate of 5¾%, the lowest in more than two years. Meanwhile, Fannie Mae will be collecting income on a huge bundle of recently written mortgages-many of them paying 8½%- that run for 30 years. "Fannie Mae is developing an increasingly buxom profile," says President Allan Oakley Hunter, who took charge last year after a career as an FBI agent, U.S. Congressman from California and general counsel to the Housing and Home Finance Agency. "As we roll over our debt while interest rates come down, we're going to be in an increasingly stable and profitable...

Author: /time Magazine | Title: Investment: Wall Street's Favorite Girl | 12/7/1970 | See Source »

After the surprise verdict, De Simone's attorney, Allan R. Rosenberg said, "I thought there was reasonable doubt concerning both charges, but I didn't think the judge would question the word of a captain of the Cambridge Police...

Author: NO WRITER ATTRIBUTED | Title: De Simone Convicted On Disorderly Count, Acquitted on Assault | 11/14/1970 | See Source »

...Branch until 1963; of a heart attack; in Bath, England. Part of a team working with Military Intelligence (M.I.5), Smith built a reputation as a tracker of Nazi parachutists and saboteurs in World War II. In the shadow world of peacetime espionage, he put the finger on Atomic Spy Allan Nunn May in 1946 and Klaus Fuchs in 1950. But the most celebrated coup of his 35-year career was the unraveling in 1961 of a Soviet network headed by Spy Chief Gordon Lonsdale...

Author: /time Magazine | Title: Milestones: Nov. 9, 1970 | 11/9/1970 | See Source »

...Goodwin, nonetheless, alcohol is not just a harmless stimulus to creativity. He points to the obvious fact that a man may use it self-destructively, as did Fitzgerald. In such cases, as Baudelaire said about Edgar Allan Poe, alcohol becomes a weapon "to kill something inside himself, a worm that would...

Author: /time Magazine | Title: Behavior: The Writer's Vice | 10/5/1970 | See Source »

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