Word: fiscality
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Dates: during 1950-1959
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...battle fatigue: when he took over as Agriculture Secretary six years ago, he vowed to slash the cost of farm programs, which had averaged $1.5 billion a year in 1950-52; but in 1956-58, Agriculture Department outgo averaged $4.5 billion a year, and in the current fiscal year the total is estimated at a shocking $7 billion. The Federal Government's inventory of wheat, corn, cotton and other surplus farm commodities recently climbed to a new peak of $9 billion. And out in the wheat and corn belts, the soil is heavy with stored up moisture, hinting...
...that Chairman McCone, his funds cut back by the Bureau of the Budget, had presented a program that went little farther than last year's (TIME, Jan. 26). The Democrats charged that the AEC's plan, which calls for $249 million for atomic power projects in fiscal 1960-more than half of it for the military-actually represents a cut that would provide only $14.5 million in new money for civilian power reactors, v. $74 million authorized last year. AEC would drop six projects intended for 1959, including a 100,000-kw. heavy-water reactor, an experimental reactor...
...Administration wants to spend $317.6 million in fiscal 1960, down sharply from last year's emergency expenditure of $1.1 billion. The Senate has upped the ante: it passed a bill raising expenditures to $505 million for 1960, obligating $3.6 billion in future years. House bills go even farther: they call for increasing expenditures to $957.5 million next year, obligating a total of $6.1 billion...
Harvard received more money from alumni than any other university during the fiscal year 1957-1958, according to an American Alumni Association report issued recently. The total sum donated to the University...
...total of 1.2 million graduates gave over $129 million to United States colleges and universities during the past fiscal year. This amount, an increase of 29 per cent over the previous year, was the highest ever contributed...