Word: costly
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Dates: during 1960-1969
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...might protect the nation against an accidental missile firing from anywhere abroad. As the Soviets continue to increase their offensive missile force, the thin Sentinel began to appear not as an end in itself, but only as the first step toward a "thick" defense against Soviet attack. Its ultimate cost was estimated to be $50 billion-and many in Washington feel that it would far exceed that. Now Laird is arguing that, if nothing else, the Sentinel would serve as a bargaining point with the Russians should negotiations take place. Russia, after all, has actually begun to install its "Galosh...
...fortune will soon be seen darkening rock's horizons when the record companies jack up their lp prices to four and five dollars later in the next month. Slightly longer then a year ago records went for $2.40 apiece. Who's going to buy them when they cost twice as much? The people who have twice as much money--the guys who are twice as old as we are. Pretty sad, hunh...
...member of the Joint Center for Urban Studies, told the Council that the system would make a target of Cambridge in any war where it otherwise might not be. He also cited the growing needs of the cities for federal funds, and said that the $5-6 billion estimated cost of the ABM would drain cities of needed funds...
...limit the tax deduction on stocks and other property given a charitable institution to the original cost of the property, instead of its current market valuations...
...most worrisome proposal to Harvard is the plan to limit tax deductions on donations of property to the original cost, not the market value of the property. Harvard usually receives $4 or $5 million annual market value in stocks each year, although one exceptionally large donation boosted this to $16 mil- lion last year. In addition, donors give the University small amounts of real estate--usually less than $50,000 worth in a year--and an undetermined amount of art works, books...