Word: drainings
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...give Benson what he wanted and unable to produce something better of their own, share the blame that Ike was more than willing to put on them. But not once in his eight presidential years did Eisenhower come fully and forcefully to grips with the most scandalous single drain on the U.S. taxpayers' purse...
...broadly lower interest rates (but urged a 4½% maximum on mortgages to stimulate housing), lest even more gold flow out to countries where rates are attractively high. With that said, he did a reverse on Eisenhower Administration monetary policy, which is disciplined by the realities of the gold drain and competitive world trade: "It is unthinkable that a responsible Administration can give up its militant efforts toward domestic recovery because of the limitations imposed on it by the inter national situation...
Companies use their foreign profits, plus depreciation funds stored up abroad and local borrowing, to finance most of their expansion abroad, thus do not further aggravate the dollar drain. General Motors, which will spend abroad 25% of the $1.25 billion it has set aside for expansion next year, calculates that not more than 10% of its total overseas investment represents dollars that actually went abroad. Says Gene Leonard, managing director of G.M.'s plant in Bienne, Switzerland: "We send currency back to the U.S. instead of draining American reserves. American companies spend as little as they can from their...
...ridicule as Princeton's may be too obvious to call forth more than a tolerantly amused laugh from young and old alike; still it will attract attention, and that is probably all its progenitors hoped to achieve. The splendid points of the program, the stab at Congress that will drain its coffers painfully dry, the shaft directed at sometime patriots who in return for a sacrifice to their country now demand a neutralizing and unnecessary sacrifice, these are lost in the superficial hilarity of the thoughtless abandon of youth...
...before World War II cost $6,700 a room; the Pittsburgh Hilton, finished late last year, cost $12,500 a room), Tabler says that unnecessary expenses due to obsolete building codes "can break a hotel." Older cities are not always the most backward. Dallas refused to accept a bathtub drain trap that Boston had accepted about 50 years ago. Tabler did battle, got the code updated, saved $15,000 on that one change alone...