Word: outlay
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...financial aid budget stands at more than $1.9 million, and is the largest such outlay in the University's history...
...million, down $152 million from the same period in 1955. All told for the first nine months, Chrysler saw its sales dip 24% to $1.8 billion, and its earnings plummet 91% to $6,272,352, or 72? a share v. $8.11 last year, partly because of the $300 million outlay for new models. Next year, said Chrysler's President L. L. Colbert, should be a lot better: "Our production schedules for 1957 are keyed to an indicated rising demand for automobiles in general and the favorable reception already given our 1957 models in particular...
...other hand, S. (for Seth) Clark Beise (rhymes with high C), president of the Bank of America, biggest U.S. bank (1955 installment loans: more than $1 billion), feels that there is "insufficient evidence that there are not enough funds to finance necessary capital outlay. There are enough long-term loans available and enough equity loans." Bill Martin himself summed up the controversy last week: "Thoughtful people, who take the long view, approve. People who are pinched naturally say it will only bring on a depression...
...since they conceal the fact that many new consumer debts are new obligations in name only. The vast postwar increase in home ownership, for example, means that millions of families pay the banker instead of the landlord; when a family buys a car or a TV set, its cash outlay for public transportation or entertainment decreases. Moreover, while the U.S. citizen in 1956 owes more, he also owns more. Per-capita savings have risen to $1,300 from $330 in 1939. Consumers' assets (including $200 billion worth of stocks, equities in life insurance and pension funds, etc.) are worth...
Nevertheless, say many scientists and industrial leaders, U.S. business is not investing enough for the basic research that nourishes all invention. These critics argue that industry should allot at least 10% of its research outlay for fundamental studies v. the 5% average. The U.S. Government, which underwrites 60% of the national research effort, also tends to emphasize practical rather than theoretical value. At least 93% of Government research money placed with industry goes for specific projects; $4 of every $5 in Government research grants to universities also specify applied research. Says Whirlpool-Seeger President Elisha Gray II: "The paucity...