Word: one-year
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...previous peacekeeping assignments, nine of which are still ongoing. They are also far costlier. The 22,000-strong Cambodia enterprise carries a price tag of $1.9 billion over 15 months. In Yugoslavia, where hostilities continue to flare despite a formal cease-fire, the 14,000 troops begin with a one-year budget of $600 million, which is more likely to shrink than grow. But the commitment to protect Serbian enclaves in three war-ravaged areas of Croatia is open-ended, to allow for extensions in the negotiations being conducted by the European Community in Brussels. These two operations alone will...
Tsongas' emphasis on manufacturing colors his tax-break ideas for business. To encourage companies to make immediate investments in new plant and equipment, he advocates a one-year tax credit that would cost $5 billion. Clinton calls instead for a permanent investment credit for small and medium- size companies that would cost $2 billion a year. Both candidates would make permanent an existing 20% tax credit for research and development that expires...
Many economists see little to choose from between the Tsongas and Clinton business-tax proposals. On one hand, they argue, Tsongas' broad investment credit could be frittered away on real estate or other nonmanufacturing industries. And the one-year tax break would scarcely stimulate long-range growth. "In terms of a long-term agenda," says Princeton's Rosen, "a temporary tax credit is totally bizarre." On the other hand, Clinton's targeted credit could funnel funds to firms that don't need them and miss companies that do. "We don't really know which industries would be helped or hurt...
...other nations. Last week Boris Babayan, who created powerful supercomputers for the former Soviet Union's space and nuclear- weapons programs, hired his entire Moscow lab out to Sun Microsystems of Mountain View, Calif., to develop computers and software. Also last week, the U.S. Department of Energy signed a one-year contract with scientists at Moscow's Kurchatov Institute of Atomic Energy to do research on thermonuclear fusion, a potentially limitless energy source that American physicists have been struggling with for decades. Both deals are tremendous bargains for the U.S. Sun is paying Babayan's 50 or so crack computer...
mason also established the Edward S. Mason Program, a one-year masters program for public administrators of developing nations. Current alumni of the program number more than 1000 and include, among others, the president of Mexico...