Word: canceling
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...things going against them: plunging oil prices, oversupplies, excessive production, drooping consumption, world recession with fears of depression. Even Humorist Art Buchwald was having fun with OPEC's woes. The columnist "quotes" a man from Qatar as saying: "Since the oil glut we've had to cancel four palaces, and make do with three used 747s for our sheiks...
...pare the President's whopping deficits, Republican Senate Majority Leader Howard Baker himself suggested a temporary surtax of 5% to 10% on individual income taxes in 1982. The plan would net an estimated $37 billion and pay for the Administration's defense buildup, but would effectively cancel Reagan's tax cut this July...
Most perplexing of all, once Bok had decided--for whatever reasons--that the building was inadequately funded, why did he not turn to the Fogg's visiting committee and tell them to come up with the remaining money or face the building's cancellation. Faced with exactly such an ultimatum, the committee is well on its way to finding all the money Bok requires, and several members have expressed frustration that they were not given a chance to do so before the decision to cancel...
...original decision to cancel seems at best to have stemmed from undue financial caution towards building projects: at worst, it may have reflected a glaring lack of concern for the arts at Harvard. And it certainly suggests an irony in Bok's attitude towards the Fogg: that his supremely cautious outlook prompted him to act in a decidedly rash fashion...
...glad President Bok has finally given the Fogg's plan to build a new museum his provisional blessing, and we find it hard to imagine the circumstances under which he might reconsider and cancel the project once again. But for the moment, we will go along with the Fine Arts professor who took a look at the site for the new museum last week and said. "I'm going to wait until I see a hole out there before I believe...