Word: transferring
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Dates: during 1970-1979
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...proposal drew predictable howls from states and 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...
Inflation is harmful in so far as it is uneven and unpredictable. To assert that major U.S. corporations have neither the knowledge to anticipate future cost increases, nor the ability to transfer that cost to the consumer in product prices, is to deny fundamental truths about multinational capitalism. The investment decision for these US-based firms, most of which continue to show record profits (out of which their investment is principally funded), is not so much a question of "if" but "where." Their tendency to choose foreign locations over domestic is the real problem with investment in America. Given...
...fiscal 1980. In the past ten years, they have jumped from 64% to 76% of the federal budget. Thus less than one-quarter of the budget is subject to paring-unless and until Congress is prepared to curb the uncontrollables. They seem politically sacrosanct because they are mostly transfer payments that go directly to citizens-for Social Security, Medicare, public assistance, veterans' benefits, civil service and military retirement funds. Nobody wishes to deprive further the aged and infirm, the poor and the ill. Yet the total bill for these benefits is expanding faster than the rate of inflation. Almost...
Discourage Inflation and Encourage Stability. Limit the long-term increase in federal subsidies, Government benefits and budget transfer payments to the size of the real increase in economic growth. That is, if the gross national product after inflation rises 3% in a year, these federal payments may rise no more than 3%. Meanwhile, limit the growth in the money supply to a noninflationary 4% to 6% annually, year after year...
Maui is neither easy nor cheap to get to, reports TIME Correspondent William Blaylock. Its Kahului Airport has been deliberately kept small so that it cannot handle direct flights from the mainland; jet passengers must disembark at Honolulu and transfer by cab ($3) or WikiWiki bus to the Aloha or Hawaiian Airlines terminal for the 20-min. onward flight to the Valley Isle, and may then have to rent a car to reach their destinations. Explains Elmer F. Cravalho, 53, the diminutive (5 ft. 5 in.), tough-minded descendant of Portuguese immigrants who has been Maui's mayor...