Word: costly
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Dates: during 1960-1969
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...Saigon, the announced reduction panicked some businessmen and depressed real estate prices. The government raised taxes?the price of beer, for example, will go up 55%?to finance anticipated increases in the cost of the war. But some influential Vietnamese feel that Nixon's action will help Thieu. "It shows that the U.S. commitment here is not unlimited," says Tran Ngoc Chau, secretary of the lower house of the National Assembly, and therefore it should encourage greater political unity in South Viet Nam. While Thieu faces new opposition from a neutralist group of intellectuals formed two weeks...
...billion defense budget that many consider a prime cause of inflation, jettisoned the Air Force's six-year-old space-exploration project known as MOL, for Manned Orbiting Laboratory. By dropping the program, the Administration will save just over half of MOL's $3 billion projected cost. Budget Director Robert P. Mayo announced that henceforth the defense budget will receive the same scrutiny as that of any other department, instead of going directly to the President -though skeptics doubted whether the new ruling would last beyond the first showdown between Mayo and Laird...
...DeCarlo: "Today, if you don't meet them and pay them, you can't operate." Another time, Gaetano ("Corky") Vastola explained how to set up a dummy union: "When I sit down with the boss [management], I tell him how much it's gonna cost him in welfare, hospitalization and all that. I make a package out of it. [I say] it's gonna cost $100,000 a year. Let's cut it in half and forget about it. I show him how much I'm gonna save [him] by walking away...
...will not have to pay for it. Still, she spends $85 a week for food and other household items, or twice as much as four years ago. The Costleys not long ago added a porch, patio and basketball court to their ten-room, $46,000 house, at a cost of $4,200, or $1,200 more than they would have paid in 1967. "But I still don't have any dining-room chairs," says Mrs. Costley. "It is just something we have had to postpone." She tried recently to save on sneakers for her four boys by picking...
Quota System. Even so, Congress has not been persuaded that exploration would be discouraged by a reduction in the depletion allowance. On Capitol Hill, the feeling is growing that the allowances, which cost the Government about $1 billion a year in lost taxes, are indefensible from the viewpoint of tax equity. Partly because of its tax privileges, the oil industry has fairly high profits. Oil companies earn an average of 11.2% on their invested capital, which is slightly above the norm for all U.S. industry; they also earn 10% on sales, which is about double the figure for other...