Word: impactions
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Dates: during 1960-1969
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Making Everyone Pay. Although the reduction of the depletion allowance and the tightening of write-off provisions that are now enjoyed by the oil industry are expected to bring in just $600 million a year in additional revenues, the psychological impact of the cuts would be great. The depletion allowances, whose whole purpose is to help offset the costs of finding and exploiting new mineral sources, are regarded by many as the most blatant example of special tax privilege for industry...
...slump. At North American Rockwell, principal contractor for the Apollo capsule, 5,200 research and development staffers have been laid off or shifted to other projects. The Boeing Co., builder of the first-stage Saturn boosters, must soon let go part of its 10,000-man Apollo team. The impact would be most severe in towns like Huntsville, Ala., where Saturn rockets are assembled. Space has changed the onetime "Watercress Capital of the World" from a town of 16,000 to a lively city of 160,000, but now Huntsville grimly awaits layoffs at NASA's Marshall Space Center...
...value in terms of national prestige and scientific knowledge, the U.S. space effort has yielded some important-if not always immediately measurable -benefits on earth. The most obvious fallout has been economic. At its peak in 1966, Apollo employed 400,000 people, from Long Island to Seattle. The technological impact has been less conspicuous. But in scarcely more than a decade, research has produced hundreds of what NASA calls "space technology transfers" that apply everywhere from factory to surgical ward...
...affect every imaginable special interest-airlines, highway builders, mining companies, real estate developers. As for the effect on federal agencies, Jackson predicts: "The law will immediately hit the Atomic Energy Commission's nuclear power program by requiring the AEC to curb thermal pollution. It will have an immediate impact on all defense programs-everything from the siting of ABM missiles to chemical and biological warfare. It will affect federally financed highway programs and every Army Corps of Engineers project...
...impact of Japan's industrial machine, the fastest growing and now the second largest in the non-Communist world, is felt in every corner of the earth. In Europe, businessmen simultaneously worry about competition from Japanese goods and depend on Japanese-built supertankers to move Mideast oil to them despite the 26-month closing of the Suez Canal. In tiny mountain towns of Western Canada, long-unemployed miners are going back to work to dig the coal needed to fill a new $600 million order from Japanese steel mills. Ideologically impartial, Japanese industrialists trade with Peking and Taiwan...