Word: bureau
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Dates: during 1960-1969
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Supervised by the Navy's Bureau of Yards and Docks, the construction is proceeding under a cost plus fixed-fee contract that yields low profits but eliminates the hazard of loss. More important, this system gives the contractor an incentive to get the job done as quickly as possible. The amount of the fees involved is a closely kept secret. Says the combine's overall boss, Morrison-Knud-sen Vice President Lyman D. Wilbur, who runs the operation from a windowless, green-painted office at No. 2 Duy-Tan Street in Saigon: "We think...
...only 2% (or $15 billion) away from what the President's Council of Economic Advisers considers its full potential. It faces a doubled federal budget deficit of $7 billion or $8 billion this fiscal year as a result of stepped-up spending for the Viet Nam fighting. The Bureau of Labor Statistics reported last week that consumer prices edged up again in October to a record 110.4% of their 1957-59 level, bringing the gain in the past year to 1.8%. Unemployment fell to an eight-year low of 4.2% in November, just a bit away from what...
...back to his office the same day. Outside Washington, a developer is turning the Montgomery County (Md.) airport into an airpark, already has 170 aircraft based there. A golf-cart manufacturer is building beside the airstrip, and IBM, Fairchild Hiller, Sprague Electronics, Bechtel Corp., and the National Bureau of Standards are building nearby...
...production. Today, despite ever more plentiful crops, the efficient farmer is assured of a decent living, contributes his buying power to the economy and his output to the hungry of the world. He may be part of a "permanently subsidized peasantry," as Charles Shuman, president of the American Farm Bureau Federation, insists, but he stands tall on his land...
...more than a quarter of a century, Lewis B. Hershey has directed the largest and most unpopular employment bureau in the world. During World War II, he drafted more than 10.1 million men; when the war ended, "no one else wanted the job, so I stayed on." Hershey's philosophy is simple: "We count 'em, cart 'em and send 'em." He has spent most of his career supplying manpower to the military, but he thinks himself as much a politician as a soldier. And he has enormous faith in the wisdom of his "constituents" -- the 4,000 local draft boards...