Word: fiveyears
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...City is so big that its sponsor was able to reduce some costs through bulk purchasing. The sponsor might have used the same muscle to force really significant changes in construction techniques. What labor union could resist bending its archaic rules in order to work on a fiveyear, $294 million job? What city has anything to lose by modernizing building codes in order to keep 15,000 middle-class families in town? At Co-Op City, the questions were not raised and the opportunities not seized. But its example remains for other projects to heed...
...crammed in files of one or two level units. Each contains two bedrooms and a living room which melts into a kitchen. No room is larger than ten-by-ten. The FHA is soon to take over the private project. Monthly rents--already high--will be replaced by compulsory fiveyear leases. It will be impossible to raise a growing family in any of the available units...
Teaching science is becoming a financial problem even for schools that specialize in it. Last week M.I.T. announced that it will need a minimum of $135 million in additional private funds within the next ten years for expansion. Cal Tech has also kicked off a fiveyear, $85.4 million campaign, with most of the money expected to go for new buildings and increased operating costs...
Nowadays, the balance in the troika is such that no one man is likely to impose his will against the others. A majority vote in the Politburo decides policy on many issues. Even Brezhnev was dealt a setback recently when the Politburo cut back by 13% his fiveyear, $45 billion crash investment program in agriculture. Kosygin was reported to have opposed bringing Sinyavsky and Daniel to trial but to have been outvoted by his colleagues. The move toward high-level democratization has in no way been institutionalized, however, and it is still possible that one man could again gather...
...Courtaulds Ltd., which was soundly trounced by Metal Box after acquiring Reads in 1959. Under Courtaulds, Reads has turned profits on such lines as steel drums and paint cans, but lost heavily on food and beverage tins. With the arrival of American Can, the company is embarking on a fiveyear, $14 million expansion program in hopes of improving its fortunes...