Word: buildings
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Dates: during 1960-1969
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...Government has spent $450 million so far on feasibility and design studies. Nixon's proposal would commit the Government to invest another $1.3 billion to build two prototypes. After that, Boeing and its suppliers are expected to finance the early production costs, which will bring the overall total to about $3 billion. Under a tough contract with Boeing, Washington will recover its investment when the 300th aircraft is sold. The Government will turn a $1 billion profit if sales reach the Federal Aviation Administration's predicted minimum of 500 by 1990-a return that works out to less...
...push to build the SST now emanates from the sheer momentum of technology. After the SST will come the hypersonic transport, with speeds of 5,000 m.p.h., and then suborbital flight. Each step will eventually be taken for the same reason that man climbed Mount Everest: it was there, waiting to be conquered. The still unresolved questions, which Congress must answer, are whether technology must move at a forced-march pace, and whether the boom of supersonic flight in the 1970s is worth the proposed investment of national talent and treasure...
County, Fla., and fears of flooding in Clinton Township, Mich., because not enough storm sewers are being built. State and local governments spend roughly $26 billion a year to build schools, hospitals, roads, sewers, airports and the like, and last year they raised almost $11 billion of the sum by selling bonds. So far this year their bond sales are running 26% below that pace...
Part of the cost squeeze is of Detroit's own making. It stems from the proliferation of models, options and special features. Ford's general manager, John Naughton, boasts that "we can run our assembly plants at maximum capacity, maximum overtime 365 days a year and not build the same car twice." Ford's Torino, for example, offers a choice of five vinyl roof colors, plus 16 body colors, and 33 sets of interior trim. All that contributes to the more than $2 billion that Detroit is spending to bring out its new models, and denies auto...
...some extent the government's campaign to develop revolutionary dedication among the workers is an attempt to make a virtue of necessity. As part of the Revolutionary Offensive Castro wants to launch Cuba on the way towards economic development. Cuba is to build 24,000 miles of roads by 1975, increase its cultivated land by 65 percent in the next ten years and complete the mechanization of the sugar industry...