Word: builders
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...Northwest, last major region in the U.S. to be reached by pipeline, has been waiting six years to cook with gas. After a two-year search for reserves to supply the region, Houston Pipeline Builder Ray Fish battled the Federal Power Commission for two more years (TIME, June 28, 1954) to win permission for his $230 million Pacific Northwest line. Once started, Fish's Scenic Inch raced faster, farther, through more rugged terrain than any other U.S. pipeline...
...instance, at MIT an experimenter has built a machine that can "reproduce" the work of any artist, whose style is distinctly recognizable. By giving the machine an electronic "character," the builder can make it paint a Rembrandt or a van Gogh that stumps the experts. But there are definite limits to these potentialities. As Batteau points out, three months of human experience is enough information to saturate a computer the size of the Earth for as long as the machine could last...
Died. Lawrence Dale (Larry) Bell, 62, stocky, square-faced airplane builder, who started (1913) as a $12-a-week apprentice at the late Glenn L. Martin's plane factory, later worked with Aviation Pioneer Donald W. Douglas (now president of Douglas Aircraft Co.) when Douglas joined...
Housing Boss Albert M. Cole predicted that the changes would be reflected in increased housing starts by year's end. But bankers and builders were not so sure. The real trouble is a drastic shortage of mortgage money because of the limit of 4½% interest on Government-backed mortgages v. up to 6% on conventional mortgage loans. Said San Francisco Builder Carl Gellert: "Congress next year should raise interest rates on VA mortgages, making them flexible so they can respond to the tight-money market. Money is like any other commodity. If you make the terms attractive...
...owners now wish they had 35. Rentals have climbed from an average $4.75 to $5.25 per sq. ft. in the past five years, and the vacancy rate runs at a minuscule 1.4%. Such speedy renting and high occupancy has made possible a novel technique for financing construction. The builder either options or purchases a parcel of land, has an architect draw up building plans, and on that basis signs up prospective tenants. Commitments in hand, he then goes to a bank or insurance company, which advances the financing and enables him to build...