Word: outlay
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Dates: during 1960-1969
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...BILLION EXPANSION program was announced by American Telephone & Telegraph Co. for 1961, second largest outlay in company's history, only $100 million below 1960 record. Chief new projects: launching an experimental communications satellite in a north-south orbit over the Atlantic to transmit telephone calls and TV between North America and Europe, and expanding the Data-Phone facilities, by which computers can communicate with one another over regular telephone lines...
...bright side was a McGraw-Hill survey taken last month, after many businessmen had tempered their overly optimistic view of 1960. It still showed that capital outlays will rise 16% this year to a record $37.9 billion. This was 6% more than outlay plans made last fall, indicating that pessimism had not yet affected expansion, that management was often more sanguine than investors...
...keep 9-to-5 hours so that he can spend time with his wife (they have two daughters) in their Manhattan apartment. He pores over every fact and facet of a business deal logically and dispassionately, then makes decisions about a $1,000,000 or a $100 million outlay with equal calm. He permits his subordinates wide latitude in running their departments, gives them pep talks in the "go-out-and-win" manner of a football coach. Said he recently to the newly promoted boss of an area: "I want only three things: high morale, good earnings and good public...
...treatment plants that cost up to $150 per capita. Junior chambers of commerce, boy scouts, newspapers and other civic-minded organizations moved behind local bond-issue campaigns. Cincinnati invested $60 million; Pittsburgh's $100 million plant opened last year. With smaller cities often taking the lead, the total outlay mounted past $500 million. Today, treatment plants serve 8,400,000 residents (total basin pop. 20 million), and new plants will soon serve another 900,000. Sole city-sized holdout: Huntington, W. Va. (pop. 93,000), which wants to dawdle with its sewage plant until...