Word: cancellations
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Dates: during 2000-2009
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...Under the aegis of reducing “wasteful spending” and favoring weapons for Iraq and Afghanistan over so-called “Cold War” systems, the administration will cancel further procurement of the world’s best fighter aircraft, end production of its most versatile cargo plane, do away with the flagship military communications satellite program for the next decade, scrap several major missile-defense projects and a search and rescue helicopter project, and significantly delay or cancel many U.S. Navy shipbuilding programs...
...cuts contain in spades, is that of wasting sunk research and development costs. For example, suppose $50 billion are spent over 10 years to develop the technology necessary to produce a new airplane. When the plane is finally ready to be built, a recession hits and Congress decides to cancel the plane after only 10 are built. Even though the marginal cost of each aircraft might be only $70 million, these planes are assigned the entire sunk cost and are now “$5 billion aircraft.” Critics then point to this aircraft as an example...
...Cancel a program to build a new fleet of presidential helicopters
...April 9 news article "Brangelina Cancel, James Haven Holds Forth" incorrectly stated that James Haven accepted a designation as the International Relations Council’s Senior Honorary Advisor for 2009. In fact, Haven accepted a designation as the Harvard Global Health and AIDS Coalition's Senior Honorary Advisor...
...default, and then 94% stuck with it. We're also much likelier to go to the doctor for preventive care like flu shots if the appointment is made for us. In a speech last year, Orszag even suggested charging us for doctor's appointments unless we take action to cancel, though he conceded that might sound "a little crazy at first blush or even second blush...