Word: coste
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Dates: during 1950-1959
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Born during the Depression, REA sought, by offering loans at a less-than-cost rate of 2% interest, to bring electricity to thousands of farm families that had none. REA did its job, and well: now more than 95% have such service. The necessity for a federally subsidized REA system has obviously decreased with REA success, yet REA has continued to grow as a dug-in interest, representing assets, loans, etc., worth billions and often generating as much political as electrical power...
...come to the point where it should pay normal interest rates on its new loans. "America is engaged in a great debate on the rule of government in the lives of her citizens. Shall government live within its means; shall our citizens, in a prosperous time, meet the cost of the service they desire of their government? Or is it to be our established policy to follow the ruinous route of free republics of the past ages, the route of deficit financing, of inflation, of taxes ever rising, until all initiative and self-reliant enterprise are destroyed...
Working through the night, Red Cross, Civil Defense, police and other rescue groups dug hundreds of survivors from the wreckage. By daylight the city turned a weary, sad eye on the results: 21 dead, more than 300 injured, 1,800 families left homeless, 1,725 buildings damaged. Total storm cost: $12 million...
...planned production of ICBMs by mid-1963. Planning now calls for the deployment of 90 Atlas ICBMs and 110 Titan ICBMs in 20 squadrons of ten missiles apiece by mid-1963. The U.S., under the new proposal, would add 200 more Atlas ICBMs to the buildup. Cost over four years: about $2.5 billion, with a relatively small $500 million to come out of the fiscal 1960 budget as a first installment on buying the added striking power...
...knifed across Tokyo Bay on a trial run at 17 knots, and in her wake eddied a succession of troubles for Carlos Garcia, President of the Philippine Republic. One of 15 ocean-going vessels to be built by the Japanese as war reparations to the Philippines, the Lapu Lapu* cost $2,500,000, is 275 feet long and powered by diesel engines. She will carry a crew of 92, and has room for 48 passengers...