Word: budgets
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Dates: during 1990-1999
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...flash of irony, the Undergraduate Council--an institution already on wobbly legs, yet one with a sizable budget and sizable list of both responsibilities and opportunities--has proven incapable of completing the most basic task before it: the election of its own members...
...course, the Election Commission has made the right decision in invalidating last week's results and scheduling new elections. And instead of banning any further postering, the commission should consider instead giving each candidate a small budget to reposter. Otherwise, the percentage of students who vote in the re-scheduled election may not exceed the single digits...
...last thing he needs just now is to open a second front against the military-industrial complex. And that is what he was facing after the Joint Chiefs of Staff, in a closed-door meeting with him, threatened to go over his head to Congress to get a bigger budget. So, clever politician that he is, Clinton last week signaled his support for an increase in military spending of as much as $15 billion, or 5%, a year...
These developments have persuaded many Wall Street analysts and investors that battered defense stocks may finally be on their way back up. "The defense-budget drought is over," says Bob Gabele, president of CDA/Investnet in Rockville, Md., which monitors trading by corporate executives in their companies' stocks. Citing such firms as Boeing, Loral and United Technologies, Gabele says, "In 20 years, I've never seen such a concentration of insider buying in defense stocks...
Back then, the Pentagon was confronting some hard choices. After 14 years of shrinking defense outlays, it faced a $270 billion annual budget that would just keep pace with inflation. The military would have to kill some costly cold war-era weapons programs, slash its 1.4 million-man fighting force or undercut the readiness of U.S. troops to fight. But the tacit alliance last week of President, Pentagon and lawmakers averts any major, post-cold war restructuring of the U.S. military. And postponing that day of reckoning will be expensive for taxpayers...