Word: funded
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Dates: during 1960-1969
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Last week some Washington eyebrows were arched, if only briefly, at the news of Percy's "special fund," which to date has collected about $25,000. Cynics recalled Richard Nixon's 1952 troubles when he had to deliver his nationally televised "Checkers" speech to keep from being dumped as Ike's running mate because he had accepted $18,000 in private contributions for political expenses. Funds from the Percy Group are strictly earmarked for business-as they were for Nixon. Percy himself cannot touch the money and has no need or desire...
...will accept sacrifices, provided that these will bring a "sharp break with the weaknesses of the past." The British learned a little bit more last week about just how much they will be asked to sacrifice. Partly in order to get a $1.4 billion credit from the International Monetary Fund, Britain vowed to continue tight wage controls, promised to make heavy cuts in its budget and to take any further steps necessary to reverse its balance-of-payments deficit...
Recognizing the special status and power of Austria's musicians, the French-based investment firm Investors Overseas Services has now started a mutual-fund service exclusively for them - the first time such a program been offered to musicians anywhere in the world. While it is too early to predict the success of I.O.S.'s unusual venture there can be no doubt, as a company official said last week, that "the money is there...
...Since the Vance would be involved in Operation Market Time, the Navy's screening of Vietnamese coastal junk and sampan traffic for Viet Cong infiltrators, Arnheiter also insisted on a refresher course in small arms, ordered the purchase of a $950 speedboat from the ship's recreation fund. Though the 20-knot boat was supposedly to be used primarily for off-duty water skiing and swimming parties, he had it mounted with a .30-cal. machine gun for patrol work, since it was much faster than the Vance's motor whaleboat...
...what grows out of that misunderstanding -- effort-reports, fund shortages due to the Vietnam war, and cases such as that of Berkeley mathematician Stephen Smale, whose grant renewal request was conditionally turned down by the National Science Foundation for what he charged were political considerations--threaten the entire relationship between the sciences and the federal government...