Word: costly
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Dates: during 1960-1969
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...appetites of space officials for further planetary exploration. NASA Administrator Thomas Paine last week urged the U.S. to send two nuclear-powered spaceships, one to serve as a rescue vehicle, on a two-year trip to Mars by the 1980s. Many scientists, noting that such a project would cost perhaps $60 billion, prefer less expensive unmanned probes beyond Mars. Last week 23 space scientists strongly urged "grand tours" of the outer planets in the mid-1970s. At that time, Jupiter, Saturn, Neptune, Uranus and Pluto will be so aligned that a spacecraft could sweep past at least three of them...
...Denton A. Cooley's, $193,124. Here again the fees do not appear exorbitant. In all, 1,050 operations were performed, with 50 or more surgeons taking part. Complicated open-heart techniques, including the implantation of artificial heart valves and pacemakers, were involved. Even so, the average cost to Medicare for each operation was roughly $380-a modest figure. All the money, said DeBakey, went to Baylor College of Medicine, which pays the surgeons' salaries...
...compulsory year-round system has actually been tested in schools in other cities, usually as a cost-cutting expedient; it is obviously wasteful to keep costly educational facilities idle for a quarter of each year. Moreover, if a school system operates twelve months instead of nine, it can provide nine months of education per year for one-third again as many students. But pilot studies have demonstrated no appreciable economies and have shown that there is opposition to compulsory attendance during the summer quarter. Atlanta, by encouraging voluntary summer participation to broaden the learning process rather than merely to increase...
Paper Snarl. Brokers' profits have also been reduced by the high cost of battling Wall Street's paperwork foulup, which for nearly two years has snarled delivery of shares from broker to broker and from broker to customer. The number of employees involved in securities processing for Big Board firms rose 36% last year, and average clerical salaries climbed 12%. In a belated rush, brokerage houses are investing more than $100 million a year in automated equipment...
...John C. Carras, 60, inherited a small line that his grandfather started with a rowboat. Carras has built it into a 1,000,000-ton fleet, partly because he was early to appreciate the abilities of the Japanese to build ships at low cost. Of the 19 ships that he now has on order, 17 are being built in Japan. - Nikolas Papalios, 56, went into business after World War II with a 210-ton fishing boat, built in 1895, that he converted into a freighter. By 1957, he owned five small ships and was able to buy a U.S. Liberty...