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There is no doubt that the Army needs a new battlefield air-defense system. The problem with FAAD, however, is that it could collapse under its own weight, leaving this critical need unmet. Army officials conceded to a House subcommittee early this year that the final price tag could be as high as $22 billion. Warns Oregon Republican Congressman Denny Smith: "The Army is going into a $20 billion swamp. The chances are good that it can spend billions and lose another decade, and still not have an effective air-defense weapon...
...taken up by 65 students since the program was < launched in January. It is one of a growing number of innovative financial plans aimed at bringing families relief from the daunting college costs of today, not to mention the average annual increases of 7% that threaten to put a tag of $100,000 or more on a turn-of-the-century education. One such measure has passed the Michigan house of representatives and is pending before the state senate. If the bill passes, as expected, it would enable Michigan parents with newborn babies to invest roughly $3,000 in future...
Canon's new system, by no means cheap, is initially aimed at professionals. The price tag for the SVS is $35,800, and Canon expects that in the first year demand will be limited to about 1,000 units. But Sony and competitors like Nikon and Kodak are developing similar equipment, and industry experts say an all-electronic system costing under $10,000 is five to ten years away. Says Eugene Glazer, a technology analyst at Dean Witter Reynolds: "Canon has developed a technology that will one day make conventional cameras obsolete...
Most of the normal ways of looking at such an investment were ignored because adhering to them would discourage even starting the project. Department 260 was high in risk and cost, but if it worked it would yield far more than its price tag. O'Rourke, in persuading the company's directors to pump money into the project, was blunt: "I figured if we could produce $30 million to $50 million a year in sales, and it cost just $15 million to build, that was a good deal...
...price-tag, members of the Class of '61 can bring as many family members as they want to stay in the Yard, eat food catered by Harvard, and partake in the University-funded festivities. "We don't charge extra [for children] because we want to encourage families to come," says Briefer. Widows and their families are admitted free of charge, adds Briefer...