Word: budgeteer
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Dates: during 1950-1959
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...SAGE (for Semi-Automatic Ground Environment System) electronics net, designed to spot incoming enemy bombers for Bomarc and other antiaircraft weapons, has already cost $1.2 billion, is not yet fully operational. In the 1961 budget, SAGE requests additional funds to harden (encase in concrete) some of its installations, presumably against missile blows, although SAGE itself will be useless in the missile...
...Fate) Malraux, after taking over as Minister of State in Charge of Cultural Affairs, "to give back life to its past genius, to give life to its present genius, and to welcome the genius of the world." Last week as Malraux rose to explain his unprecedented cultural budget to the National Assembly, the nation got its chance to see how well the dream was faring...
...members, and each of the orchestra's 95 instrumentalists must survive an annual audition; if any player does not measure up, he loses his place, must give way to fresh outside talent. Every orchestra member pays $10 to play with the Philharmonic; the remainder of the $8,000 budget is made up from the sale of season tickets...
Money will remain tight as industry and business bid for funds, but prospects for a balanced budget or only a small deficit will reduce the competition of the U.S. Treasury for new funds on the money market...
...total number of U.S. stockholders receiving such handy budget balancers is also at a new high. The latest New York Stock Exchange study showed 12,490,000 individual shareholders of record, up from 8,630,000 in 1956. The number of stockholders is now bigger than the number of factory workers. One in every four U.S. households gets a dividend check or checks v. one in seven only seven years ago. To keep the checks going, U.S. corporations are declaring dividends at a rate approaching $14 billion a year, against $9 billion...