Word: budgeteering
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Dates: during 1960-1969
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...child. The fine print spells out "Minimum Daily Requirements" in esoteric quantities such as milligrams, U.S.P. or international units, and the average uncertain layman usually decides that if a little is good, more is surely better. The business in vitamin and mineral supplements to the U.S. food budget has grown to hundreds of millions of dollars a year...
Productivity Up. Profits now roll in, and they are "perfectly legitimate under socialism." A large part of the profits-Ioffe does not specify how much-remain "at the full disposal of the factory" instead of being siphoned off for the government budget. These are used for bonuses (amounting to an average two weeks' extra pay a year), workers' housing and vacation homes, and for reinvestment. "Formerly, in solving questions of expansion and modernization, we were dependent on the central budget. At present we are largely independent, since we have our own money to spend on these purposes." Since...
...turn, only alienated upstate legislators, who instinctively recoiled from the prospect of taxing commuters in order, as they saw it, to finance the city's sacrosanct, heavily subsidized 150 transit fare. The wrangling forced two extensions in the city's deadline for enacting its 1966-67 budget; the second expired last week...
While the city got less than it sought, the city council at week's end was at least able to enact a balanced budget that, with some relatively minor trimming, fell just $134 million under Lindsay's $4.6 billion request. "We have done the best we can," said the weary and wiser mayor. For those who live and work in the city, the pain of higher taxes was at least eased by the prospect that New York was finally on the road to fiscal responsibility...
...country-Feisal is an energetic, reform-minded ruler determined to put Saudi Arabia's oil riches to work for the people. No sooner was he in power than he ordered free education and medical service for all Saudis, stepped up oil production and trimmed the country's budget. Today Saud's lavish, pink-walled Nasiriyah Palace in Riyadh-with an air-conditioning system said to be second in size only to the Pentagon's-lies deserted...