Word: primes
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Dates: during 1960-1969
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...DEFENSE SPENDING. Defense Secretary Melvin Laird, under heavy pressure to cut further the $77.6 billion defense budget that many consider a prime cause of inflation, jettisoned the Air Force's six-year-old space-exploration project known as MOL, for Manned Orbiting Laboratory. By dropping the program, the Administration will save just over half of MOL's $3 billion projected cost. Budget Director Robert P. Mayo announced that henceforth the defense budget will receive the same scrutiny as that of any other department, instead of going directly to the President -though skeptics doubted whether the new ruling would...
Dynamite Defused. These U.S. concessions are probably essential to continuation of the U.S.-Japan Security Pact, a prime target for Sato's extremist opposition. It becomes subject to renegotiation for the first time next year. The hope in both capitals is that, by defusing Okinawa's potential as political dynamite in Japan, Sato will retain enough public support to avoid reopening negotiations. If neither nation demands new talks, the pact will continue automatically. Without such a compromise, it is doubtful if either the Sato regime or a successor could weather home-front outrage and maintain friendly relations with...
Dwindling Reserves. The prime tar get of the critics is the oil depletion allowance. It permits owners to deduct from their taxable income 271% of the value that each well yields; more over, the deduction can be taken as long as the well produces, even if the original cost of exploration and devel opment has been returned many times over. The allowance was partially responsible for the fact that no taxes at all were paid by 155 U.S. citizens who earned more than...
...That we are punishing under the old order of rules and assumptions governing university affairs a group of students who have been prime agents in moving us toward a new reformed order which we ourselves have willingly embraced, in principle, by large majorities...
...with a second LP, which was partly inspired by the Lampoon's house rock band, the Central Park Zoo, whose members include Poonies Mark Stumpf and Peter Gabel, and whose single 45 record can be played on the juke-box in nearby Tommy's Lunch. Along with Stumpf, the prime movers behind the new record were Jonathan Cerf, who was once Ibis, and former Hasty Pudding Show writer, Peter Larson...