Word: low-cost
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...perception of the pipeline deal, however, is the force with which it has been applied. There are East-West ramifications to the deal and legitimate arguments against the project: it is particularly unfortunate, for example, that western governments are in a sense subsidizing the pipeline construction by guaranteeing low-cost credit to the Soviet Union for the deal. Allegations that the Soviets are using slave labor to build the pipeline cast further doubts. Nevertheless, the stiffening of Administration opposition to the deal in the face of European reaction raises disturbing questions about what Reagan perceives to be the proper sphere...
DIVORCED. Freddie Laker, 59, British pioneer of low-cost, no-frills transatlantic flights, whose Laker Airways was grounded by bankruptcy earlier this year; by American-born Patricia Gates Laker, 43; after seven years of marriage, one son, Fred Jr.; on grounds of adultery; in London...
This voice-controlled engine is one of the new applications in the rapidly emerging technology that allows machines, in a primitive fashion, to use human language. Dallas-based Texas Instruments, which pioneered low-cost talking computers with its Speak & Spell learning aid, last week unveiled Magic Wand, a machine that can read to children. It is disc-shaped like an LP record album. A youngster passes a wand attached to the disc over books that contain not only pictures and words but also bar codes on pages similar to those that now appear on grocery items, magazines and other goods...
This practice, known as "gold-plating," not only is expensive but can result in a muscle-bound product too overburdened to accomplish what it was designed to do. The Navy's F-18 "Hornet" fighter-bomber, for example, was proposed as a small, low-cost aircraft to complement the $36 million F14. Congress bought the notion in 1975, after being told that each plane would eventually cost about $16 million. They are now priced at $32 million each. Much of the added cost and delay is due to improvements made in the Star Wars radar and guided missile control...
This fiscal year the Federal Government is handing out $11 billion in aid to some 7 million U.S. students through a patchwork of programs: Pell Grants and Supplemental Educational Opportunity Grants (SEOG) to the very poor, low-cost National Direct Student Loans (NDSL) and the self-help College Work-Study plan. The largest program is Guaranteed Student Loans (GSL), which provides $7.7 billion to 3.5 million students (52% more than last year's number), many from families earning much more than $30,000 a year. Under Reagan's proposed budget, GSLs would require a far stricter determination...