Word: data
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Dates: during 1960-1969
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Perhaps this is not entirely unfair: a government program should not be automatically considered worthwhile simply because its actual harmfulness cannot be proved. But Moynihan's insistence that government programs be able to justify themselves with hard scientific data may prove to be even less helpful than the less rigorous approach of the Office for Economic Opportunity...
While most of the testimony concerning Harris and his operation has been delivered in closed session, the fragmentary evidence that the Navy has made public indicates that the lieutenant neglected to post required plans for destroying classified data; never gave the order to destroy the ship's secret documents even when Pueblo came under attack; and failed to supervise or help in the destruction effort once it was initiated at an enlisted man's order...
Reduced Drag. Wind-tunnel data revealed that when the airflow reached sonic and supersonic velocities along the redesigned upper surface, only a modest shock wave was generated near the trailing edge of the wing. There was negligible turbulence. Although the changes did not affect lift, drag was reduced by as much...
...sheer gall, few takeover artists have rivaled Saul P. Steinberg, 29, chairman of 71-year-old Leasco Data Processing. Last year his Manhattan computer-leasing firm gained control of Reliance Insurance, a large multi-line company, and squeezed a $100 million dividend out of its coffers to finance other Leasco operations. Last week Steinberg admitted at Leasco's annual meeting that his takeover appetite has grown so big that he would like to swallow Chemical Bank New York Trust Co., the nation's sixth largest commercial bank (assets: $9 billion). Chemical Chairman William S. Renchard has promised...
...Wall Street, merger battles often give a dizzy lift to stock prices long before actual mergers can create any fundamental economic values to underpin them. For example, shares of Scientific Data Systems, a Southern California maker of high-speed computers, leaped 17 points, to 120, in one day last week on news of a tentative merger agreement with Xerox. This sort of thing perturbs some economists, who fear that the speculative fever could end in scandal or stock bust. As far as Congress is concerned, that only provides another reason to clamp down on conglomerates and their fancy financing...