Word: budgeteering
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Dates: during 1960-1969
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...gnawing at the foundation of world finance. The resulting rush to exchange dollars for gold drained well over $1 billion from the dwindling U.S. hoard of bullion, cost the seven-nation London gold pool close to $2 billion. Like Britain, the U.S. has been living extravagantly be yond its budget, partly because of the heavy cost of the Viet Nam war but also through increased spending at home. Speculators' appetite for gold is only the most dramatic symptom of a monetary malaise that has also bred inflation, balance of payments deficits and a downturn in the world stock market...
...plan, but as one master said "we don't have the money to pay for them, and are hesitant to commit any money to maintenance when we have no idea how much that will be." The money would presumably come then from the Faculty of Arts and Sciences budget, and last week Mosteller put an approximate price tag on the console plan: $40,000 for a year's total expenses in all the houses...
...Committee on Educational Policy has spent several of its meetings talking over the report, it will probably only vote routine statement calling Mosteller's report educationally sound. The decision, like so many here, rests on Dean Ford, who must decide in preparing the Faculty of Arts and Sciences budget for next year just how much, if any, of Mosteller's vision is going to be turned into reality...
...government's revenue from taxes is about $13 million. A breakdown of the budget would probably show 80 per cent going into salaries, and 20 per cent going to the foreign bank accounts of high Haitian officials. Duvalier did not invent the system, but he has perfected...
POPSI Project. With some reason, the FCC can answer its critics with the defense that its jurisdiction-the entire publicly owned electromagnetic spectrum-is just unmanageable on a $19 million pittance of a budget. It is the FCC that assigns frequencies to ham operators and taxi fleets, TV stations and aviation controllers. It is trying to clear the maddening interference-ridden nighttime AM radio band and the general clutter that hampered police communications during the Watts, Newark and Detroit riots. When people complain about excessive telephone or telegraph rates, or that radio-controlled garage doors are fouling up aircraft communications...