Word: fiscal
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Dates: during 1970-1979
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Calling for $157.5 billion in defense spending authority in fiscal 1981, the President announced the creation of a new force that could respond quickly to emergencies anywhere in the world. The Rapid Deployment Force, or RDF, will have no units specifically assigned to it; but the commander, a lieutenant general, will be able to draw on all the services, including the Marines and the Army's paratroopers, to form units tailored to meet any emergency. They might be as small as a battalion, or as large as several divisions. To transport the force, the U.S. will deploy intercontinental jumbo...
...distribute the projected $50 billion in revenues that it would collect. One popular idea is to rebate perhaps $40 billion to workers and employers in the form of lowered Social Security and income tax levies. Another suggestion involves using some $10 billion to help balance the fiscal 1981 federal budget...
...started a company that ten years ago had revenues of $6.5 million; in fiscal 1979 they hit $445 million; next year after acquiring a firm that leases containers for ships, they are expected to reach $650 million. Grossman leases and manages vehicles and now commands a larger fleet than the U.S. Postal Service: 275,000 autos, trucks, trailers, forklifts and refrigerated vans. His customers include 85% of the FORTUNE 500 and thousands of other firms from Mexico's Yucatán to Canada's Yukon and into Europe. More than that, from his glass-walled office overlooking aptly...
Packages move; Gelco bought a courier service that in fiscal 1979 did $65 million in business and, helped by mass marketing and computerized control, may top $95 million next year. People move; Grossman is building a service by which corporate travel will be handled by a central reservation and billing service. He also watches over that wondrous American institution: the expense account. Companies can require that salesmen and others on the expense account submit their claims to Gelco's computers, which check them for any excesses...
...vice versa. He said he has no regrets about the way he has managed Boston University: "Why should I have regrets for being as successful as I have, in saving an institution that was on the edge of bankruptcy, threatened by mediocrity on the one hand and by fiscal instability on the other? This institution is an extraordinarily fine one. It has vastly increased the number of outstanding faculty since I've been here. There's not a single continuing program in Boston University that is not vastly stronger today from an academic standpoint than it was when I came...