Word: flows
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Dates: during 1970-1979
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...Congress, was forbidden by the House Operations Committee in 1965 to name companies or cite specific contracts after it was severely criticized before the committee for being overzealous in its audits. Accordingly, the Defense Department refused to let GAO officials write down any figures from Lockheed's cash flow statement-which usually gives a broad picture of a company's finances-before reporting to Congress this month on $2 billion of cost overruns in producing the C-5A transport aircraft. Congress will have to decide later this year, partly on the basis of the GAO's report...
...have yet to cut any of the large, all-weather routes that run farther to the west; sidestepping the invasion, Communist traffic has largely moved to these roads. But even that inconvenience has slowed transport. "The stuff is backing up along the trail," says a Pentagon officer, and the flow will be choked off even more effectively if ARVN can advance to Muong Phine, a central transshipment point...
...hand, so many companies have moved into software, data processing, time sharing and facilities management that 42% of 102 companies surveyed in this field lost money even in 1969, according to the Little study. Though figures for last year have not yet been compiled, the recession undoubtedly increased the flow of red ink. By 1975, predicts Little, 20 firms in services and software may well snare the bulk of revenues that are now spread among...
...Washington, Defense Department officials acknowledged the South Vietnamese suffered a setback in Laos over the weekend, but said that was "no reason to write off the whole operation." The State Department said the objective of disrupting the flow of North Vietnamese supplies "is being carried...
...move forward." Indeed so. The Europeans were propelled into unexpectedly early accord by the profligacy of the U.S. For most of two decades. European nations have been accumulating dollars at a rising rate as a result of U.S. balance of payments deficits. Common Market countries complain that the flow of dollars affects interest rates, finances the takeover of European firms by U.S. companies and promotes inflation on the Continent, since central banks have to issue their own currencies to buy up excess dollars in the marketplace. Singly, European nations have little defense against the flood. Any country that raises...