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...from cost underruns, rather than being faced with cost overruns. The whole point of these contracts, argues G.E., is to give the supplier an incentive to perform better. "There were no cost overruns and no overcharging," declared Brian Rowe, a G.E. vice president. "The Government did not pay one cent more than it contracted to pay." Both G.E. and Pratt & Whitney, which on similar contracts made profits averaging 14.6% instead of the projected 13%, indicated that they would not meet the Government's refund request...

Author: /time Magazine | Title: Cracking Down on Contractors | 4/8/1985 | See Source »

Feldstein said of the 50 cent drop in personal savings supposedly caused by social security: "It is a number that I think is in line with the statistical evidence...

Author: By John Ross, | Title: Economic Objectivity? | 3/11/1985 | See Source »

According to that report, the overall strategy of the Experimental Section curriculum is to coordinate the core subject matter. However, professors do not try to "integrate" fully the five core subjects. Although they do try to match subject matter, they still respect traditional course boundaries during the 75 per cent of the academic year in which there are no bridge periods...

Author: By Robert F. Cunha jr., | Title: The Great Experiment | 3/6/1985 | See Source »

...given the contras $80 million since 1981 (the U.S. authorized about $130 million for the Sandinistas in the early, more promising days of the revolution), but not a cent since last June. The rebels were getting about $1 million a month from the CIA when aid was suspended; lately they have been raising an estimated $500,000 a month from right-wing groups in the U.S. and sympathetic foreign governments. The rebels even plan to sell % "contrabonds," similar to the U.S. war bonds that helped finance this country in World War II. "The aid is still coming...

Author: /time Magazine | Title: Say Uncle, Says Reagan | 3/4/1985 | See Source »

...after all. Nine months after accepting the job, he sold First Travel for $10.4 million and later forswore his Olympic salary to become a volunteer. At the start there was no staff and no money. Moreover, the city of Los Angeles had passed a resolution saying that not one cent of municipal funds could be spent on the Games. The first week Ueberroth and his tiny staff were locked out of their small new office. They could hear the phones ringing inside. But the landlord, like most of the rest of the town, was sure the Olympics would lose money...

Author: /time Magazine | Title: Master of the Games: Peter Ueberroth | 1/7/1985 | See Source »

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