Word: budgeted
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Dates: during 1980-1989
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...points in a single day -- the company announced the cancellation of its most advanced supercomputer project and the impending resignation of Project Manager Chen. According to the company, Chen's plans to build a machine ten times as powerful as any existing today had grown wildly over budget. Estimated cost of completion: $100 million. Chen is reportedly planning to pursue his ideas...
Last year, for example, WSGP took over Honolulu Federal in return for $17 million in new capital and $40 million in bonds. The group slashed the marketing budget and cut back operating hours; they also discounted $100 million in bad assets. Now the thrift could fetch as much as $150 million if sold...
...worst political crises occurred in 1977, his first year as Governor. Determined to cut state spending, he vetoed the legislature's budget. Those were impassioned, partisan days; the morning of the vote, one Democrat opened the session by praying, "May the nays be forgiven." When du Pont lost, his aides were distraught and defiant. Not the Governor. "He was very, very quiet," recalls Nathan Hayward III, a second cousin who was then head of Delaware's economic development office. Du Pont shifted to a more conciliatory approach that eventually won over the legislature and even labor...
Ortega's determination at least to act like a peacemaker seems to stem primarily from economic concerns. The war, which consumes more than half of Nicaragua's annual budget, is taking an enormous toll on the economy. The most immediate concern is oil. This year the Soviet Union and its East-bloc satellites are expected to supply 490,000 tons, or 64% of the total need, compared with 95% in 1986. Oddly, the crisis has neither lowered the monthly gas ration of 20 gal. for each vehicle nor inspired the state to ease the controls that hold the official price...
...Soviet Union has stepped up its efforts to impose a failed system on others." He charged Moscow with "indiscriminate bombing and civilian massacre" in Afghanistan and challenged the Soviets to tear down the Berlin Wall and "show some glasnost in your military affairs" by publishing an accurate defense budget...