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...Soviets have had their share of blunders to rival the U.S.'s DIVAD, an antiaircraft weapon that was scrapped in 1985 after a $1.8 billion development outlay. Moscow pushed ahead with its ZSU-30-2, a DIVAD counterpart, but despite a decade of improvements, the weapon's radar guidance system still does not operate properly. Many experts even sneer at the Blackjack bomber, which suffered flight problems and engine setbacks that kept it in development for more than a decade...

Author: /time Magazine | Title: Soviet Union The Big Shake-Up | 8/8/1988 | See Source »

...group recommended adding almost $3.4 billion to the $13.8 billion budgeted for federally subsidized housing in fiscal 1988. Some $3 billion would be funneled to states to finance a new Housing Opportunity Program to build or rehabilitate low-cost housing; states would be required to match half that outlay, for a total of $4.5 billion. An additional $380 million would go to double the number of housing units for which the Department of Housing and Urban Development pays part of the rent for needy tenants...

Author: /time Magazine | Title: No Vacancy: The housing squeeze gets worse | 4/11/1988 | See Source »

These would be only start-up costs. The task force recommended that the Government commit itself to keep HOP going through the end of the century at first-year levels or higher. That would imply an outlay of perhaps more than $36 billion in additional federal cash alone over the next twelve years. Less costly proposals would ease the terms on which FHA mortgages are made available to home buyers. Prospects for immediate action are dim. Under terms of the budget compromise reached last fall between the White House and Congress, an extra $3.4 billion for housing would have...

Author: /time Magazine | Title: No Vacancy: The housing squeeze gets worse | 4/11/1988 | See Source »

...campaign as well as aggressive efforts to reach high-risk groups, and encourages the creation of special programs for black and Hispanic youth, who are considered to be particularly at risk. In fiscal 1987 the Government will spend $79.5 million on AIDS education, more than double last year's outlay. But as last week's controversial and hesitant recommendations reveal, the Federal Government has yet to fashion a coherent response to an increasingly divisive public health crisis...

Author: /time Magazine | Title: A Transfusion of Fear | 3/30/1987 | See Source »

Chrysler's outlay for AMC, including a proposed $4-a-share purchase of stock from other shareholders, is expected to be at least $1.1 billion. That could be a steep price to pay for a company that lost $91 million last year on sales of $3.5 billion. But Iacocca has coveted several valuable AMC assets. Among them: AMC's popular Jeep division, which sold a record 207,514 vehicles last year; a new Renault auto-assembly plant in Canada built for $340 million but now worth an estimated $800 million; and AMC-Renault's 1,472 North American dealerships...

Author: /time Magazine | Title: A Daredevil Wheel Deal | 3/23/1987 | See Source »

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