Word: crucial
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Dates: during 1970-1979
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...budget on a "rolling quarterly basis," changing estimates and adjusting prices as they monitor the flow of cash. A university can't change the price of its product in the middle of the year, and so Faculty budget-makers are locked into an annual budget. They have to make crucial financial decisions based on fuzzy guesses about the inflation rate a year and a half from now. "I sit here in September with a budget of $50 million and I have very little control over that budget--all I can do is monitor and manage crises," Kaufmann says...
Kennedy feels that Carter has not compiled a bad record. "We have not been at war; he has had some foreign policy success," says Kennedy. But he returns to the economy as the issue on which he will focus: "Our economic vitality is crucial to the politics of this nation. A strong economy is the best social program we can have. And these economic issues affect the confidence the people have in all our institutions...
...crucial question about his political future is whether his traditional supporters will accept a shift toward the center. Reagan fell into a similar trap in the 1976 campaign, when he alienated many of his followers by naming Richard Schweiker, a relatively liberal Senator, as his running mate. William Roberts, who is directing the Connally campaign in the West, professes satisfaction over the Reagan strategy. Hearing reports that a "new" Reagan is on the way, Roberts scoffs: "He could get into trouble even before he says anything...
...third-place NBC, and for Silverman in particular, the outcome may be crucial. The Tonight show is reported to bring in 17% of the network's pretax earnings, and it is a special prize for the affiliates, which can sell 50 minutes of local commercials on the show each week, compared with only 33 minutes for all of a week's prime time. If Carson, NBC'S top star, jumps to another network, presumably first-place ABC, more of NBC'S affiliates may abandon Silverman's leaky ship...
...realize this is a bad time to ask for a favor with the Book of Life coming up for renewal and all, but the situation is crucial. Now I understand Saturday is Rosh Hashanah--one of the highest of High Holy Days, and I should be in temple; but you've got to understand it's also the Harvard season opener against Columbia...