Word: outgoing
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...home or abroad. Business wants to see the main emphasis on the latter course because it avoids the risk of expanding government to the detriment of the more productive private sector of the economy. What the economy needs most right now is a sense-making approach to income and outgo in the federal budget...
Signs of Strain. Strike benefits to Ford workers are running to $5.25 million a week, and the U.A.W. is having trouble finding income to match the outgo. For one thing, the non-struck automakers are no longer paying workers' U.A.W. dues directly to the union, and the U.A.W. finds it difficult to col lect from the boys. So last week Reuther rallied the faithful at Detroit's Cobo Hall for approval of an emergency dues increase. So armed, he warned that unless Ford makes a move, "we are in for a long, long strike...
...certain to come under attack. Many of his fellow Democrats are angry at his emphasis on the military at the expense of welfare programs. The G.O.P., unhappy at the prospect of an $8.1 billion deficit on top of this year's projected $9.7 billion gap between intake and outgo, insists that more domestic programs must...
Chicago's school problems are immense enough to make any superintendent unpopular. The system is short of money, requires 1,700 new teachers each year simply as replacements, needs still more buildings, has an influx of Southern Negroes and an outgo of suburban-bound whites that has pushed the nonwhite proportion of students up to 52% and makes meaningful integration difficult. Yet Willis has vastly aggravated his problems by arrogantly dismissing all criticism, stifling staff initiative, and running the system as a one-man show...
...week, most of it to schools and scholars, for a total of $241,544,000. Income from its investment portfolio, which includes 46,284,000 shares of Ford Motor Co. stock and shares of 126 other corporations, was a glaring $94,601,000 less than outgo. But no matter how much it spends, the Ford Foundation can't get poorer. Cautiously raising the book value of its Ford stock from $30 to $33 per share, still well below the market value, the Foundation reported that its net assets had risen by $113 million to an alltime high...