Word: barrelers
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Massachusetts Republican John A. Volpe, a former Governor who lost his first bid for re-election in 1962, faces money woes of immense proportions, even for the chronically broke Bay State. Says one fiscal expert: "It's not a question any more of the barrel being empty. There's no barrel anymore." Massachusetts needs $230 million in new money merely to keep operating state services at existing levels. Volpe wants a limited sales tax. But the legislature, with both houses controlled by Democrats, is not about to give Volpe that or much of anything else that will help...
...president of IRI Finelettrica, one of the five largest electric companies in Italy before nationalization, ENEL has at least had the benefit of levelheaded management. From the start, Di Cagno has steadfastly resisted political pressures from the left and right, refused to permit the agency to become a pork barrel. All of ENEL's 828 executives come from the old companies, but most of its problems are the fault of nationalization itself...
While that was only a drop in the barrel-Middle East governments collected $1.75 billion from oil last year-the agreement marked the first time since OPEC was founded in 1960 that the organization has succeeded in getting more money out of the companies. The oil firms already pay an average of 75? a bbl. in royalties, plus a 50% tax on profits. In addition to an oversupply of oil and slumping world prices, the producers are now saddled with an added cost of doing business. They have no choice but to absorb...
...glass-skinned building as a 9-lb. shell splashed into the East River just 200 yds. away. In a weed-strewn lot on the opposite bank, 900 yds. away, police later found a 3.5-in. Army bazooka, still aimed at the U.N., with a Cuban flag taped on the barrel...
...obvious that Eagle coach Bob Cousy had drilled, and drilled, and drilled his charges on the mechanics of the break. As soon as B.C. got a rebound, Austin would barrel down the middle of the court with one player on his left and one on his right. As they passed midcourt, the two men on the outside converged toward Austin, and began to work legerdemain with their passing. Even if two or three Crimson players had scrambled into the backcourt to defend, the only way of stopping the blits was to commit a foul or pray that a B.C. player...