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Nixon's new program should put a much needed prop under the housing market. Lewis Cenker, president of the National Association of Home Builders, called the moves "a realistic recognition of the disastrous effects that inflation and tight money are having on a major segment of the nation's economy." The program, however, is certain to keep upward pressure on nonhousing interest rates because, in order to get the cash to subsidize housing, the Government will have to step up its own borrowing in an already tight money market...

Author: /time Magazine | Title: HOUSING: Much-Needed Prop | 5/20/1974 | See Source »

...year. The minesweeping will require at least two months; it could take another year to detonate all the explosives in the canal and along its banks and to clear it of wreckage. Throughout its 107-mile length, the canal is littered with the detritus of war. In a segment only one kilometer long, British minesweepers have detected 180 objects. In other parts of the waterway, tanks, trucks, boats and twelve large ships are sunk and await a massive salvage effort. An additional 16 ships, with skeletal crews guarding them, are rusting but still afloat in the Great Bitter Lake, trapped...

Author: /time Magazine | Title: The World: Clean Sweep of the Canal | 5/6/1974 | See Source »

Buoyed by that success, Polizzi once again rallied community support and forced the lead company to stop pumping waste into the abandoned mines. But the biggest fight was yet to come. By 1971 construction was well under way on Interstate 44. It cut off a segment of the community, isolating 150 families. Yet the state planned only one vehicle overpass. In protest, some 300 citizens piled into buses and traveled to the state capital, Jefferson City; there they argued before the highway commission for an additional overpass...

Author: /time Magazine | Title: AMERICAN SCENE: St. Louis: Pride on the Hill | 4/29/1974 | See Source »

...nearly 100 firms returned the questionnaire and requested an interview. Now the search committee is busily interviewing two firms a day in an effort to narrow the field down to about 15 as soon as possible. The target time for selecting the eventual firms to manage the $400 million segment of the endowment is July...

Author: NO WRITER ATTRIBUTED | Title: Harvard's Changing Financial Family | 4/26/1974 | See Source »

...your intent to cooperate with the committee." In partial explanation, Burch told the Senate Republican leaders that only one White House lawyer, J. Fred Buzhardt, and a secretary had been assigned to review the tapes. It took them a full day to transcribe just one confusing six-minute segment of conversation on one tape, Burch contended. Some of the Senators suggested that if that were true, more manpower should be assigned to the task...

Author: /time Magazine | Title: WATERGATE: A Bipartisan End to Patience | 4/22/1974 | See Source »

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