Word: costs
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Dates: during 1970-1979
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From the lush San Joaquin Valley in California to the Rocky Mountains, much of the West is suffering from severe drought. Worst hit is California, where the lack of significant rainfall since the autumn of 1975 cost farmers and ranchers an estimated $437 million last year, and snowless ski resorts have lost $7 million so far this season...
...installation will cost $2625 for 15 panes. An additional $6125 has been allocated to replace glass in other parts of the building. The erection of a snow fence on the roof for extra protection is also being considered, Lawton said...
...unpopularity on one of the Quad's acknowledged strong points--four-year Houses--to realize how little Fox seems to care about, or understand, the real problems at hand. As if to further insult Quad residents, Fox suggests that a dining hall be constructed at South House at a cost of approximately $400,000. This part of the proposal, meant to be a sugar-coating for a bitter pill, is actually an old sop that has been promised for years; it should therefore be examined warily...
...more important cause of the cost explosion seems to be an atmosphere surrounding the project, a "take 'em for what they got" attitude towards the public that prevails in company and union actions. A "cost-plus" philosophy governs the oil companies' buying policies and labor expenditure decisions--companies are assured that cost-overruns will not decrease their profits. "Cost-plus" is in one sense an inducement essential to getting companies to invest large amounts of capital in a high risk situation, but from another perspective, it removes the pressure on companies that would ordinarily cause them to keep...
Worker inefficiency has been one of the main sources of cost increases, although Faulkner said that ALYESKA, the consortium of oil companies that funded the pipeline, has improved the situation recently. Unions set the tone of work on the pipeline. It is to their advantage to spread the fixed amount of work over a longer time than would be ordinarily required, since this will increase employment. And due to "cost-plus" increased labor costs don't mean smaller profits for ALYESKA. "There just isn't a work ethic on the pipeline; in fact, you will probably be yelled...