Word: costs
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Dates: during 1970-1979
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...best of purposes- for example, to enable social-welfare programs or the credit system to work. Hal Arnold, an executive at Equifax, argues forcefully. "If people are going to enjoy the benefits of credit, they must be prepared to giveup some privacy." Similarly, this is a social cost of demands for more government services Says Jerome Bolin, president of Abraham Lincoln Insurance Co. in Spring field, Ill.: "As society becomes more complicated, it does become difficult to guard people's privacy. That is the price of progress. We can't quit doing business because somebody gets hurt...
...theft. The Kewalo Basin's director, Louis M. Herman, discounts the argument that the experiments were heinous: scientists were teaching the mammals to understand two-word sentences by means of computer beeps, and the dolphins were on the verge of learning three-word sentences. All that research, which cost close to $500,000, is down the drain. Worse, says Herman. Kea and Puka, untrained to feed themselves and unable to communicate with Pacific dolphins, are doubtless dead by now, the victims of starvation, sharks -and mindless good intentions...
Without Evidence. But Chrysler grumped that Adams' decision would "force the American people to pay triple the cost for a second-best safety system." It charged that Adams "ignored his own agency's data, which show that present seat belts will save 50% more lives than air bags"-assuming, of course, that seat belts are consistently used. American Motors said the ruling was made "without clear evidence of [the bags'] lifesaving effectiveness over present belt systems [and] is a multi-billion-dollar gamble with consumers' money...
...gave itself the right to veto any such decisions by the Transportation Department within 60 days. The Secretary had barely made his announcement when Bud Shuster, a Pennsylvania Republican, introduced a resolution in the House to overturn the decision. He cited, among other things, the bags' cost. Detroit automen have estimated that a reliable bag system would add $200 to $300 to the price of a car; the Government's figure is about half that. Indications are, however, that Congress will go along with the ruling...
...what seemed like a sweeping generalization, Kissinger said, "Business has no perception of its long-range interests." Most corporations, he insisted, "never have a strategy to affect the overall political environment abroad"; instead, their executives think "it is smart politics to placate at almost any cost" the governments of foreign countries. Moreover, he said, when multinationals do get into trouble overseas-for example, when they are threatened with expropriation by other countries-they wait until the eleventh hour before seeking State Department help. "They come to us in their extremity, usually when they have been taken over...