Word: costs
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Dates: during 1970-1979
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...American Electric Power Co., once the world's largest private producer of electric power; of a heart attack; in Manhattan. Austrian-born, "Mr. Public Utility" joined the forerunner of AEP in 1920, became its chief engineer in 1933 and president in 1947. By producing power at lower cost, the seven-state utility network encouraged the widespread use of electricity and helped industrialize the Ohio Valley...
...addition to the remarkable lack of communication, there is much misinformation about the cost of H.R. 7700. You have been quoted as stating that the bill would cost $3 to $5 billion a year and with the implication that this exaggerated amount will be automatically apportioned forever. This is simply not true. The major increase in public service authorizations would cost from $1.6 billion in Fiscal Year 1979 and $1.88 billion in Fiscal Year 1980-but only if you and the Congress deem that a complete appropriation should be recommended. Other parts of the bill add some minor costs...
Further, it is important to keep public service costs in a proper perspective. The Postal Service provides a vital service to all the public and to our nation's commercial institutions. Recent modifications to the Social Security law alone will lead to over $227 billion in additional taxes over the next ten years, and total taxes for that system will be almost $1.9 trillion for the same period. In other words, the H.R. 7700 appropriation, if it were continued at the projected Fiscal Year 1980 rate for ten years, would total only about 8% of the new tax increases...
...process of oversight. The first is that we will end up with intelligence by timidity-we won't take any risks because somebody might criticize us. The second is exposure. If you have too many people viewing a sensitive operation, it may become publicly known and cost somebody's life or abort the operation ... I'd like to see us notify fewer committees of Congress; now we technically report to eight of them...
Exploiting the Arctic fields will cost billions of rubles, but the Soviets cannot afford to ignore them. Petroleum is the lifeblood of their economic plans and political schemes. Though Moscow has told its East European allies to look elsewhere for additional oil, it still supplies 80% of the area's needs, and wants to continue to do so. The dependency helps bind the otherwise restless Poles, Czechs, East Germans and Hungarians to the U.S.S.R. At home, some conservation measures have been introduced, but the Kremlin would be unwilling to risk the unrest that might come from drastic cutbacks...