Word: costs
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Dates: during 1970-1979
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...blacks, whose expectations were sent soaring by Carter's campaign promises. Last week Vernon Jordan, executive director of the Urban League and one of the most influential black spokesmen on economic issues, called again for a domestic Marshall Plan to revitalize distressed cities. But his approach would cost many billions of dollars, which puts him far out of step with Jimmy Carter...
...Navy in major surface combat ships (230, v. 175) and attack submarines (234, v. 78); the onetime unchallenged U.S. superiority exists only in fixed-wing aircraft carriers (13, v. 0). Noted Blechman: "The Navy has had serious problems, and the shipbuilding program, with its long delays and cost overruns, is just one of them." Observed Hyland: "We no longer seem to know what we want the Navy to do: project power ashore far from the U.S. or keep the sea-lanes open. To do both may be too costly." In rare accord, Luttwak and Blechman emphasized the Navy...
...Dynamics Corp. reached an unusually high pitch last week. After months of haggling, the company told the Navy that it will halt work in April on a $1.4 billion contract to build 18 nuclear attack submarines unless Washington ponies up an additional $544 million to pay the company for cost overruns. A shutdown would throw 14,000 employees out of work at the company's shipyards in Groton, Conn., and at Quonset Point, R.I., where components are made, and deal a stunning blow to the economies of both towns...
...ordered because the Navy was just in too much of a hurry. Ordinarily, a contracting firm builds a "lead" ship before it gets awards to construct a new class of vessels. That way, the shipyard can work out design and engineering bugs and get a fairly accurate idea of cost before moving into mass production. But to save time on the production of nuclear subs, the Navy insisted on signing contracts with incomplete designs and specifications, and left details to be settled later...
...however, the building was declared a city landmark, and restoration began in 1976 under the direction of Architect Edward Larrabee Barnes. Philanthropist Enid A. Haupt funded the entire cost of the renovation with a gift of $5 million. The result is both handsome and ingenious. Even a new underground passageway, which left to its own devices would resemble nothing so much as a subway tunnel, will be put to pleasant use: in artificial light, aquarium plants, mushrooms and mosses will flourish...