Word: funds
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Dates: during 1960-1969
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...private business after last Nov. 5 would have meant putting himself out to pasture. The green was all but irresistible; some of the proffered posts would have made him instantly wealthy. They included the presidencies of an international-development firm, two Wall Street brokerage houses and a major mutual fund. But all of them would have precluded further political activity. The most remarkable offer, however, came from the American who probably senses more keenly than any other a defeated candidate's need to work for the future as well as the present. Richard M. Nixon, after all, had done...
...called for the owners to pad the players' pension fund with $5,450,000 for the next three years. The owners had been holding out for $5,300,000, the players for $5,900,000. So who won? Most fans, noting the embarrassment that the boycott of spring training caused both players and management, agreed with Chicago White Sox Owner Arthur Allyn: "As I see it, it was a loss for all parties concerned...
...mass transportation systems and what should be the federal role in financing the two. Last month Rep. John Bingham (D-N.Y.) introduced in the House a bill to help finance mass transportation with money which now goes to highways. Highway construction money comes out of a special trust fund which was set up only after the most intricate and laborious legislative maneuverings. Bingham's bill proposes to use money from this highway trust fund for mass transportation needs, such as building and improving subway systems. Bingham has run into strong opposition from lobbies like the American Automobile Association whose...
...Ways and Means Committee of the House of Representatives is in charge of procuring revenue for use by the federal government. The committee responsible for designating how this money will be spent is the Appropriations Committee. Since the setting up of a special trust fund involves both the raising and spending of money, both committees are involved. When the highway fund was set up the two committees held simultaneous hearings and worked together to write the bill. It was a most difficult process to get these two powerful, jealous and sensitive committees and their chairmen to work together...
...there is to be a special fund for mass transportation or if money from the highway fund is to be used for urban transit, the proposal will have to get strong backing from the administration. President Nixon has apparently not yet made any decision on the matter. But from the past records of Volpe and Turner it seems unlikely that Nixon is being advised to cut highway funds in favor of mass transportation...