Word: low
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Dates: during 1970-1979
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Though no firm decisions have been taken on the precise programs to be reduced, there are some prime candidates. The Comprehensive Employment and Training Act, which places unemployed low-income people in public service jobs, will cost an estimated $11 billion in fiscal 1979. But the program is beset by inefficiency and corruption; CETA officials often hand out jobs on a patronage basis. This month Labor Secretary Marshall set up a new investigative unit to try to root out fraud in the program...
...only black in the Cabinet, heatedly complained that the ceiling proposed by the OMB on her department's budget (currently $9.1 billion) was "barely defensible." If OMB had its way, she asserted, the subsidized housing program in the 1980 budget would not only be "socially regressive" but "unprecedentedly low" in comparison with previous Democratic and even Republican programs. It would, she argued, allow the construction of only 291,000 partially and fully subsidized public housing units under existing programs, in contrast with the 333.000 that will be completed under the current budget. OMB's tightfistedness, she warned, "would...
Over the past few months, the Chinese approached Gulf Oil and several other U.S. oil majors to discuss possible oil sales, but these firms were not very interested. All were put off by the generally low quality of Chinese crude, the high cost of Pacific shipping and the glut of Alaskan oil on the West Coast. Still, Peking wanted the hard dollars that an oil sale would bring, and the terms of the Coastal States deal were made more attractive than the previous contracts offered to the other companies. The price is believed to be far enough below OPEC levels...
Like an ink blot spreading relentlessly across a clean blotter, Harvard may well continue to spread into and dominate Cambridge--or so city officials fear, in the wake of a new University loan program which offers low-interest, long-term mortgage terms to tenured faculty members buying nearby housing...
...Cambridge Option" plan allowing tenured faculty to purchase housing near the University at low-interest, long-term mortgage terms may adversely affect the Cambridge real estate market, city officials said yesterday...