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...demanding smaller, more fuel-efficient cars, but Chrysler, unlike GM and Ford, lacked the money to retool and redesign quickly. With smaller sales than the other two automakers, Chrysler had to spend nearly twice as much per vehicle to meet Government rules. Pressed for cash, the company had to slash its budget for plant modernization...
Terrible, terrible instincts, Especially for the artist. For if he had any sense, he would have tried different beaches, the kind where people put their trash in barrels, where beer cans and glass rivets will not slash your feet to ribbons, the kind where amusement park screams are a thousand miles away. The beach is solitude, with yourself or with your friends. The beach is peace when you want it, and total freedom when you are ready...
Recently Harvard's biggest gains have come in the federal sector--a welcome, if uncertain, windfall. A Congress intent on budget-cutting could slash aid to education any time and administrators remain wary of relying heavily on the federal funds. But for this year, the Middle Income Student Assistance Act that Congress passed in October 1978 should double both grants to students and federal work-study projects at Harvard. As R. Jerrold Gibson '51, director of the office of fiscal services, says, "it's the biggest increase for federal aid to education ever--you can't knock that...
...SALT I accord has halted deployment of an antimissile system, it only managed to freeze intercontinental ballistic missiles (ICBMs) and submarine-launched missiles at existing high levels. The treaty ignored bombers and did not deal effectively with weapon modernization. Disappointed arms-control advocates hoped that subsequent agreements would slash superpower nuclear stockpiles. The achievements of last week's accord remain relatively modest, but they do go beyond SALT I. For the first time, a few aging nuclear weapons actually will have to be dismantled, and some technology will be restricted...
...communities that depend on military payrolls. In Homestead, Fla., 30 miles south of Miami, businessmen are worried about the economic impact of the transfer of a 1,650-man contingent from Homestead Air Force Base to installations in North Carolina and Texas. The rebilleting, says Mayor Nicholas Sincere, would slash the $105 million local military spending by about $25 million...