Word: costly
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Dates: during 1960-1969
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...that has changed. As the Paris negotiations have raised hopes, however often dashed, for peace in Viet Nam, Americans have become obsessed with the prospect of diverting to domestic programs much of the $30 billion a year that the war has been costing. The U.S. faces vast and pressing needs in the cities, the schools, the hospitals and the nation's very air and water. Many of its legislators and citizens thus see the ABM as a thief that would snatch away billions of dollars sorely needed for domestic use. The likely cost for the specific ABM program already begun...
...Dollar Theater " sounds attractive in theory, but as Senator Stephen Young of Ohio sometimes replies to letters from constituents, "I realize your opinion cost nothing, but that's exactly what it's worth...
...they are not always effective; they can stumble as easily as they succeed. Harry Figge's "Automatic" Sprinkler Corp. went into a nosedive last year when strikes and production snags crippled two divisions, while a third ran into cost-control woes. Ogden Corp. suffered after its shipbuilding subsidiary hit rough weather. Tex Thornton's Litton ran into multiple trouble: losses in shipbuilding, engineering snags on a new typewriter, slumping sales of office furniture. Much to the dismay of investors, the company blamed its plight on management deficiencies...
...them, debentures offer an even bigger tax break. The interest payments can be deducted from corporate taxable income as a business expense. On the other hand, stock dividends must come from after-tax earnings. Using debentures, conglomerates can often grab control of other companies at little or no real cost to themselves. For example, Victor Posner, Miami conglomerator who has plucked a personal fortune from slums and money-losing corporations, has just captured Sharon Steel (annual sales: $225 million) after a bitter battle. Posner's NVF Co., a Delaware mini-conglomerate (annual sales: $30 million), offered a package of debentures...
Warren K. Cooper '56, director of Financial Aid, said yesterday that before the MBA Fellowship Program Began, black students from low income families looking at the $10,000 cost of the two-year MBA program, were "immediately reluctant" to make the necessary financial commitment...