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...Often a builder could get a high mort gage under Section 608 and then build for much less than the face value of his loan. Then he could sell his new property, with the new owner assuming obligation for the full mortgage, and pocket the loan savings. The windfalls were breathtaking...

Author: /time Magazine | Title: HOUSING: The Loan Scandals | 4/26/1954 | See Source »

BACK-TO-NATURE "MODERN" tries to make the outdoors "a mere appendage to gracious living." Tree trunks serve as tables and the house looks like a quarry. "One of the major problems of the builder [used to be] the removal of boulders from the site. Now his difficulty is to find enough boulders." Picture windows are designed for "perpetual daylight; in reality, the owner discovers there is night [which] turns him and his family into ghosts in a cavern of black, shining glass . . . Put up blinds [and the results] resemble an airport closed for the night...

Author: /time Magazine | Title: Art: Back to Mohair? | 2/22/1954 | See Source »

Underground City. Such difficulties are minor. The moon has feeble gravitation, which would be a help in moving from place to place, but the lack of atmosphere presents a problem to both architect and builder. Sowerby does not favor the large pressurized domes above the surface that are so popular with space illustrators. In the vacuum on the moon, the upward pressure of their interior atmospheres would be enormous. A domed "tent" only 10 ft. in diameter would pull against its moorings with a force of 50 tons. If big enough (100 ft. across) to hold a fair-sized habitation...

Author: /time Magazine | Title: Science: At Home on the Moon | 2/15/1954 | See Source »

...happy state of pre-industrial man, but also the misery of the industrial city. Actually, says Ashton, the industrial epoch brought a substantial increase in wages, and if the workers were jammed together in rickety "jerry-built" houses, it was not the fault of the capitalists. "The typical builder was a man of small means, a bricklayer or a carpenter . . . The jerry-builders were not capitalists but workingmen...

Author: /time Magazine | Title: Education: The Old Libel | 2/1/1954 | See Source »

...salary and two others $10,000 each from McCarthy Oil & Gas Corp. after it had defaulted on a loan made by Equitable. The three had had the job of reorganizing the McCarthy company. ¶ Contracts for some of Equitable's biggest building projects had been awarded to favored builders and architects on orders from Parkinson, who believed that no builder had the financial resources to make a competitive bid on such huge jobs. ¶Parkinson had invested too much of Equitable's money in single projects, such as Pittsburgh's $50 million Gateway Center Development...

Author: /time Magazine | Title: INSURANCE: State v. Society | 11/9/1953 | See Source »

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