Word: squanderings
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Water marketing, first debated in the 1970s, was an appealing idea: farmers use about 85% of California's water, and because they get it from state and federal water projects at subsidized rates, they tend to squander it. An acre- foot that costs Southern California urbanites $230 may cost farmers as little as $10, so even adding in the heavy cost of transporting the water in the state's vast aqueduct system, there is room for both sides to benefit from resale of unneeded irrigation allotments. The idea had two minor drawbacks: many California farmers would sooner spread salt...
...inflation, and the near sacrosanct $247 billion for Social Security. Unfortunately, those huge budgetary no-trespassing signs mean that only meat-cleaver slashes in the jumble of discretionary programs could possibly make the Bush proposal meet the Gramm-Rudman targets. But the President's team is not going to squander political capital on such a fool's errand; that messy job is left to Congress...
...getting beaten in the world market by being slow to innovate. Surpluses that foreign countries channel into research and development are divied up by American companies as short-term profits. While foreign governments help develop new competitive advantages for their companies, our elected leaders allow Wall Street executives to squander time and money on corporate takeovers, which produce nothing...
...unavoidable; the second is the principle that there is a trade-off between policies to prevent recession and policies to prevent inflation. Antirecession medicines are pleasant, even addictive, while anti-inflation medicines are not, and Presidents always prefer the former. The moral challenge for our society is not to squander the Fed's tremendously costly victory over the inflation of the early 1980s. Any program of reviving investment and savings depends on having a stable currency...
...Venetian past, an experience that tends to put some of the achievements of late or postmodernism in perspective. Moreover, it takes you away from the throng of dealers and neocollectors who descend on the Biennale like salesmen at a security-devices convention in Akron and would not lightly squander their quality time on something as old hat as a Veronese or a Tintoretto ceiling...