Word: draining
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Dates: during 1980-1989
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...president of Pemex, announced a $4-per-bbl. price cut, he was promptly sacked, and Mexican oil prices were jacked up again. Customers went elsewhere until Mexico bowed to the pressures of the marketplace. By that time, the country had lost about $1 billion hi revenue, and the drain has continued. Laments one Mexican businessman: "We thought we were going to become like Saudi Arabia. Instead, we became like Nigeria...
...have to involve Argentina. Such a defeat, the U.S. believes, could also precipitate the downfall of Argentina's ruling junta, leading to political chaos and revolving-door governments that might be even more prone to renew attacks on the islands. In addition, protracted hostilities would put an enormous drain on Britain's resources and on NATO, which would be deprived of British ships and troops...
Schmergl says that nontenured professors who consult for his company often join it full-time if they don't get tenure. Although most administrators are not yet worried about the potential drain on universities, one dean of the University of California at Berkely says it is "scary" competing with companies rather than with other universities for personnel. Robert M. Glaeser, divisional dean of the biological sciences notes that the companies have a financial advantage which is corrupting the "value of science knowledge and process in biology" He feels the value of science at the universities "will diminish accordingly" Although...
Vice President for Administration Joe B. Wyatt said last week. "The plant is not going so represent a financial drain" when it begins operating. Although Wyatt declined to make projection on when-if ever-NATEP would begin to cat away the huge red splotch it created on Harvard's general operating account, the prospect of cheap diesel power indicates that the debt will not grow so rapidly in the future...
...solution that gets very little discussion is any raising of Social Security payroll taxes still further, on top of the huge future increases already written into law. Though some Social Security experts believe that a relatively small additional increase could both stop the immediate cash drain and build adequate reserves to handle the 21st century demographic dilemma', the idea makes politicians shudder. As a matter of equity and politics, there is little appeal in further increasing a tax whose burden falls most heavily on low-income workers, while the well off escape Social Security taxes on a portion...