Word: nationalizes
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Dates: during 1970-1979
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There are also plans to set up a new European monetary fund, which would make loans to weaker members of the system that needed to finance deficits or prop up their currencies to ECU levels. How much each nation would contribute to the common fund is still being discussed, but the West Germans would supply the major share...
Because of the growth of the federal bureaucracy, which employs some 4.9 million workers around the country in everything from the space program to Social Security offices, Impact Aid today goes to 432 of the nation's 435 congressional districts. It has inflated from a $27 million funding plan that aided 1,172 school districts in 1951 to an enormous federal giveaway that this year will cost $770 million and benefit 4,100 of the nation's 16,000 school districts. The Senate will vote shortly on next year's Impact Aid program, and proposed changes could well send...
...Carter Administration officials, who are trying to cut the fat out of a half-trillion-dollar budget, point out that often the money from Impact Aid goes to communities whether they need it or not. Some of the biggest beneficiaries are among the wealthiest school districts in the nation. Montgomery County, Md., has a per capita income about 50% above the national average, thanks largely to the battalions of Washington bureaucrats who live there. Even though these residents pay local real estate taxes, Montgomery County receives $6 million a year in Impact Aid. Similarly, Washington's suburban Fairfax County...
...medium-size companies on the West Coast, well pay rewards people for doing what they are supposed to do: go to work regularly and on time. Some results have been impressive. Reports James Parsons, 59, president of Parsons Pine Products of Ashland, Ore., maker of nearly 80% of the nation's wooden mousetrap bases: "Our absenteeism has dropped 30%, and our tardiness is almost zero." Parsons' incentive: an extra day's pay at the end of every month to workers who are punctual. Reichhold Chemicals' fiberglass manufacturing division in Irwindale, Calif, offers half an hour's extra pay for each...
What recruiters do not talk about is the sky-high housing costs. Last year the average price of a house was almost $74,000 in the Santa Clara Valley, vs. $43,000 in the nation as a whole. Ted Oliver, an engineer for Sycor in Ann Arbor, Mich., turned down a job with Memorex in the valley because he figured that, despite the handsome pay and perks, "I would have had to accept a lower living standard at double the cost." No doubt many other employees, new and old, are happy out in the valley. But with the nation...