Word: outlay
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Frightened depositors began making massive withdrawals. In desperation, Franklin National turned to the Federal Reserve System, which bailed it out with loans totaling $1.75 billion, the biggest outlay it had ever made to a member bank...
ECONOMIC CAUSES. Inflation is another current deterrent to having babies. The cost of parenthood in the U.S. today is colossal. The Commission on Population Growth calculated that, in 1969, the total average outlay for having a single child and supporting him through college was around $60,000. With inflation, the cost would now be almost $78,000-though the income of a household head may also have risen comparably during that period...
Revenue Sharing. Yet Alan Fechter, an economist with the Washington-based Urban Institute, concludes that a lump-sum $1 billion outlay would not create the 200,000 new jobs that Labor Secretary Brennan foresees, but only about 50,000. Local officials, he argues, tend merely to substitute the federal funds for state and local money that would have been spent anyway...
...product pitches. Oil firms tend to guard their advertising figures jealously. But Standard of California cut its advertising budget by 70% last year; Atlantic Richfield's 1974 ad budget is 40% lower than last year's. Standard of Indiana executives predict that in 1974 their advertising outlay will be less than half the $28 million it was in 1970. One of the few firms that plan to advertise more is Exxon, which anticipates a "substantial increase" over last year's expenditure...
...many of the nation's 90 million workers and their employers who contribute to Social Security this clause all but guarantees an ever-expanding tax outlay every year. Middle-and upper-income workers will begin paying for the latest boost in January, when the base on which the tax is collected is extended from its present $10,800 to $13,200. That means that the maximum deduction will go from $631.80 in 1973 to $772.20 this year, even though the tax rate will remain firm...