Word: costs
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Dates: during 1970-1979
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...that master strategist of the possible, Lyndon Johnson, who saw in the fiery freshman a possible avenue to the liberal support he needed in his quest for the presidency. It was a useful alliance on both sides, and it led to the vice presidency for Humphrey. But the cost was high: growing dependence on an overbearing personality who brooked no opposition and demanded total loyalty...
...wiser Humphrey began to emerge. He discovered compromise and maneuver and made friends within the Senate Establishment. That cost him some old friends, as he found himself at odds with more dogmatic liberals. "If I believe in something, I will fight for it with all I have," he explained. "But I do not demand all or nothing. I would rather get something than nothing. Professional liberals want glory in defeat. The hardest job for a politician today is to have the courage to be moderate...
...former officials, along with G. Speights McMichael, another aide to Hoover, were also held responsible for a questionable business arrangement. This involved purchases of electronic equipment, without competitive bidding, from the Washington-based U.S. Recording Co. between 1963 and 1975. One such purchase of burglar-alarm equipment in 1971 cost $147,261.50, while the same equipment could have been bought from a New York supplier for $81,357. An agent who complained about the cozy -and illegal-purchasing arrangement was told he was not a "team player" and transferred. Apparently, the Hoover aides valued U.S. Recording's silence about...
...government reduced inflation from 22% in 1976 to 12% currently, but at the cost of lowering the economic growth rate to 2%, v. 5.6% in 1976. As a result of lessened business activity last year, tax revenues from 1977 are expected to be down $2 billion...
...with its permanent reserve labor force of unemployed college graduates, is bound to treat its office workers badly. But few people realized just how badly until 1972 when a group of angry secretaries began looking at Bureau of Labor Statistics studies. They found that while Boston had the highest cost of living in the continental United States, its clerical workers were among the lowest paid. A study of clerical salaries in 15 comparable cities found that only employers in Birmingham and Memphis paid lower wages than those in Boston...