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School officials regard Impact Aid as manna. They can spend it on anything they want?books, teachers' pay, a new swimming pool???with a minimum of red tape and no federal inspections. The San Diego school district administers its $11.7 million in Impact Aid with one accountant and one clerk. Says Dave Fish, who supervises the funds in San Diego: "Out here people are worried about the property tax. If we didn't get this aid, we would have had to increase local taxes. And why shouldn't the Federal Government pay its rent...

Author: /time Magazine | Title: Business: Enlarging a Budget Rip-Off | 8/7/1978 | See Source »

...ghostly, white-clad figure slowly descended the ladder. Having reached the bottom rung, he lowered himself into the bowl-shaped footpad of Eagle, the spindly lunar module of Apollo 11. Then he extended his left foot, cautiously, tentatively, as if testing water in a pool???and, in fact, testing a wholly new environment for man. That groping foot, encased in a heavy multi-layered boot (size 9½B), would remain indelible in the minds of millions who watched it on TV, and a symbol of man's determination to step?and forever keep stepping?toward the unknown...

Author: /time Magazine | Title: The Moon: A GIANT LEAP FOR MANKIND | 7/25/1969 | See Source »

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