Word: cutbacks
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Dates: during 1960-1969
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...pretty much at their own discretion. But Powell was told that $150,000 must be allocated in equal shares to six subcommittees, whose chairmen would supervise its spending. Thus Powell himself could control only a piddling $50,000, which would hardly keep him in swimsuits. If nothing else, the cutback would surely curtail a mysterious "committee investigative task force" that operates out of a downtown federal building in Washington on projects so secret that only Powell seems to know what they are. He had requested $101,000 for this force alone...
Despite the Supreme Court decision, the unions are yet to be reckoned with, and they are sure to fight any cutback attempts. This week in Chicago the railroads and their operating unions will begin another effort to see if they can work out a compromise through collective bargaining. If that fails and the union threatens to strike, the President almost surely will appoint an emergency board under the Railway Labor Act, thereby staving off a walkout for at least 60 days more. The real showdown will therefore be postponed at least until summer...
...troubled by rampant inflation and other economic ills. But in dustry cannot pare its production or its heavily-featherbedded payrolls because left-leaning unions forbid it, and floundering local governments do not dare object because they need union support to stay in office. The result has been a radical cutback of investment in Latin America at a time when the Kennedy Administration urges an Alliance for Progress in the two continents. Where their net investment averaged $300 million a year during the 1950s, U.S. companies last year withdrew from Latin America enough money to offset all new U.S. investment there...
Yale's offense is not limited to the belly series, however. The Elis like to try to spring their halfbacks on a pitch-out play that can develop into a wide sweep or a cutback through the hole of the defensive tackle who has been trapped. Another favorite pattern is run from the wing T formation and entails a fake into the line on the strong side and a give to the wide halfback coming back to the weak side on a trap play...
What is more, Webb declares: "I am not willing to transfer millions of dollars from other NASA programs into manned space flight." Thus, Holmes has no choice but to cut back his program. Last week the signs of that cutback were obvious in space centers across the U.S.: » In St. Louis, at McDonnell Aircraft Corp., makers of the Mercury and Gemini space capsules, strict limits have been set against overtime work. » In Maryland the Martin Marietta Corp. has laid off 225 men who were working on the Titan II booster, the rocket that will launch Gemini...