Word: costing
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Dates: during 1970-1979
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...Thomas A. Murphy argues that federal aid insulates companies from the effects of competition in the marketplace, perpetuates inefficiency and creates unfairness. There is no precedent for what Chrysler wants. In 1971 Lockheed was rescued with a federal loan guarantee for $250 million of its private debt. But that cost the taxpayers nothing, and by the time the Lockheed loans were paid off in 1977, the Government made a profit of $31 million in fees. Perm Central's plea for a handout in 1970 was ignored, and the Government stood by while the company went bankrupt...
...although $1 billion in tax refunds is distasteful to legislators who yearn to narrow the federal deficit. They may move instead for a loan guarantee. Senate Finance Committee Chairman Russell Long has pledged some aid for Chrysler. Says he: "It is better than letting the company fold. That would cost a lot of revenue and jobs." House Ways and Means Chairman Al Ullman is unenthusiastic but promises to expedite whatever bailout measures the Carter Administration proposes...
Small companies have special needs, Levitt argues. Government regulations are an especially heavy burden on them. By Levitt's reckoning, the cost of complying with environmental, safety and other rules comes to $32 per $100,000 of sales for companies with less than $100 million in revenues, vs. $4 for larger corporations. Because small companies are not as well known and therefore need to broaden their shareholder base and increase ownership of their stock, they prefer cuts in capital gains taxes rather than the increased depreciation allowances advocated by big companies. Says Levitt: "Our kinds of companies...
...bilateral grain treaty, the Soviets cannot buy more than 8 million metric tons unless the U.S. has extra supplies. Since stockpiles are ample and a near record harvest is in view, the department's chief economist estimated that the huge Soviet purchases would add only .2% to the cost of living index...
...both the music and text were upstaged by the magic. Several of Houdini's feats, including his water-can escape, were authentically and grippingly duplicated by Mark Mazzarella, a 19-year-old college sophomore. But the cost of going for such theatrical pizazz was a loss of psychological depth. Houdini offered almost no plot, almost no human interplay. Throughout the evening, a large portrait of the magician stared out at the performers from the ear of the stage, as if challenging them to account for his mysterious driven nature. The tricks, the career, the public appropriation...