Word: millions
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Dates: during 1960-1969
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Department budget officers attributed the 1969 losses and the projected 1970 deficit to a decline in government reimbursements for University expenditures on grants and contracts. Government payments dropped from $63.9 million in 1968 to $63.7 million in 1969-the first recent fiscal year in which reimbursements did not increase at least 14 per cent...
...Faculty of Arts and Sciences incurred a deficit of $.7 million during fiscal 1969 while the University produced a surplus, according to the annual Financial Report to the Board of Overseers...
According to the Financial Report, University income for 1969 totaled $176.3 million. of which the government provided 36 per cent. Of the remaining 64 per cent, 20.6 came from endowment, 15 from special gifts. 16.9 from tuition and fees, and 4.5 per cent from board and lodging charges...
Currently, M. I. T. leads the nation's universities in Defense Department research. The Instrumentation Laboratory alone receives about $27 million. (half its yearly budget) from the Pentagon, and has recently been criticized for its contribution to the Navy's Polaris and Poscidon missile guidance units...
Kramer describes himself as a "discarded liberal." He used to say that people dissatisfied with the system should "Cool it, it's all going to come together." "Well, it didn't." Kramer admits now. It is tempting to dismiss Stanley Kramer as a big-time film producer with six million dollars to make a movie. But standing in front of us, he looked vulnerable. His answers were nervous and he swept back his close-cut hair as if disorder might betray his appearance. His favorite film this year was "If," he said, because it destroyed his false sense of values...