Word: outlays
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...That outlay showed what Alan Ehrenhalt, executive editor of Governing Magazine, calls "a tin ear for symbolism," given that Detroit's $230 million budget deficit has prompted the mayor to eliminate 3,000 city positions and end 24-hour bus service. It has not helped that Kilpatrick left undiminished his 21-person security detail (the mayor of Chicago, a city with three times the population, has 15 guards). When Gary Brown, the deputy chief of police internal affairs, opened an investigation into misconduct by the security team, Kilpatrick fired him, ostensibly because Brown did not get his chief's approval...
...also compromised on military spending, giving the Pentagon "authority" to spend up to $302.5 billion but a funding outlay of only $267.1 billion in fiscal 1986. That means the Pentagon can contract for more major weapons to be paid for later but will have to cut back on current cash outlays...
...address, and later refined with a master plan by British architect Norman Foster, the West Kowloon Cultural District is slated to include at least four museums, four performance venues, art schools, galleries and studios, all housed under a swooping, transparent canopy. The district is to be built without any outlay from the public purse. It's the kind of project a well-oiled, popular administration should be able to push through without effort...
...Such financial problems are not unique to Le Monde. France's national, general-interest dailies seem unable to make money. Despite generous subsidies on postage and a television advertising ban due to expire by 2007 for retailers and publishing houses, last year newspapers attracted only 15.7% in total advertising outlay in France, compared to 43.5% in Germany, 39.7% in Britain and 31.4% in the U.S. Finally, the papers are hampered by rigid and expensive union contracts; a proposal to switch the afternoon Le Monde to the morning failed in part because the printers' union didn't want to work nights...
...care less how much of their monthly payment represents interest; they just want to know the payment won't change. One way to fix the payment without the cost of fixing the rate is to hold an adjustable-maturity mortgage--in which the payoff period, not the monthly outlay, rises and falls with interest rates. Outside the U.S., fixed-rate deals are far less common, and adjustable-maturity mortgages are readily available. An ARM with a lifetime rate adjustment of just 2 percentage points (as opposed to the standard 6) also addresses this issue...