Word: outlay
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High Cost. So far only two candidates, Alabama Governor George Wallace and Washington Senator Henry Jackson, have met the requirements, Wallace almost entirely through direct mail drives. But these are expensive and require an outlay of "seed money" before the donations roll in. Official reports turned in by Wallace indicate that he began his solicitations as early as 1973, raising $1 million, picked up another $1.7 million in 1974 and more than $300,000 early this year. But he recorded only $216,354 cash on hand in his last report (in March), an indication of the high cost of raising...
...East has benefited from a strong U.S. military presence. Confident that their invested dollars were reasonably secure, American corporations have poured in excess of $1 billion since 1964 into new electronic, car assembly and other manufacturing and distributing facilities all along the Pacific rim of Asia. The outlay contributed to rapid economic growth rates-more than 10% in South Korea, Taiwan and the Philippines in 1973-and also to soaring overseas profits for both the multinational companies that pumped in the money and the banks that financed them. Now, in the wake of the Indochina debacle and the uncertainty surrounding...
...return for government bailout money. His biggest takeover so far is of British Leyland, the nation's largest auto-and truckmaker (Austin Morris, Rover, Jaguar, Triumph), which could not raise funds for plant modernization. The Labor government has already committed $2.2 billion to Leyland, but the total outlay may exceed $6 billion. The rescue plan, however, does not call for cutting back employment, though overmanning is one of Leyland's chief handicaps. Similarly, Benn is resisting the economy measures of Sir Monty Finniston, the chief executive of the nationalized British Steel Corp., which is losing nearly $6 million...
...forget the $12 billion tax rebate proposal as an economic stimulus. Instead, the Federal Government should use the money to purchase 3 million new cars at $4,000 each and give them away in a national lottery. Assuming an average annual salary of $12,000, the outlay would keep 1 million workers employed for a year. In addition, the tax revenues generated by the automobile-company profits, the taxes levied on the winnings and the workers' salaries would return a substantial portion of the "investment" to the Federal Government...
...measure how expensive home ownership is becoming; mortgage interest rates, utility bills and property taxes are climbing even faster. As every homeowner knows, the key figure in determining whether a house can be afforded is the total of monthly payments-and in the past six years, the cash outlay needed to buy and maintain what is now a moderately priced house ($35,500) in a middle-class suburb has almost doubled. The national average bills each month on such a house...