Word: costs
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Dates: during 1970-1979
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...other troops, in standard East German fashion-were sinking concrete pilings, stretching mesh wiring and installing self-firing explosives. Apparently the old system, consisting of two parallel mesh-wire fences with a minefield in front of each, was not considered deadly enough. Thus "improvements" are being made, at a cost of about $500,000 a mile...
Will Congress ever get comfortable with economics? Despite their constitutional power over the nation's purse strings, the moguls on Capitol Hill have rarely been able to joust on an even footing with the White House when it came to arguing about the cost of specific programs or shaping the federal budget. When they tried-so they bitterly complained-they were almost always zapped by a barrage of expert-sounding figures prepared by professionals in the President's Office of Management and Budget. All that changed, or was supposed to, three years ago, when the legislators created their...
...publicity-conscious and sometimes goes beyond her $52,500-a-year job as staff technician and seeks to influence policy. The CBO, with its staff of 208 economists and other specialists, was set up to analyze tax and spending options in all areas, from defense to welfare, and assess costs and probable impact on the economy. As a result, Congress can now set spending ceilings and sometimes even cut appropriations to stay under them. At the same time, the legislators can keep a close watch on individual spending programs. Before, Congress groped blindly, passing hundreds of appropriation bills each session...
...While operating revenues for the first three quarters of fiscal year 1977 are up 7.2%, net income is down 11 % because of depressed prices for sugar and paper, two big G&W divisions. The company's enormous long-term debt of $1.1 billion must be serviced, at high cost. A sizable investment portfolio that includes stakes in such companies as Simmons (mattresses), Wurlitzer (juke boxes), Amfac (sugar, hotels, processed food), Esquire (magazines) and a Japanese maker of coin-operated machines has added little to G & W's fortunes...
...sort of trouble, but both Beech and General Dynamics are in strong shape. With military sales accounting for 55% of General Dynamics' total revenues ($2.5 billion last year), the firm is the nation's largest defense contractor. With nearly a decade of squabbles with the Pentagon regarding cost overruns on the F-111 fighter now behind it, General Dynamics' current multi-billion-dollar contract to produce 500 hot, single-engine F-16 interceptors for four NATO countries and the U.S. promises to keep earning income for the company for perhaps the next two decades...