Word: amounting
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Dates: during 1970-1979
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...Although the details of the program have yet to be worked out, it should already be clear to informed observers that Harvard is not solely motivated by altruism or love of academic objectivity in this matter. Harvard's investments in banks and businesses which are involved in South Africa amount to almost $300 million...
...research. Emphasis has shifted from basic to goal-oriented research. Furthermore, to be eligible for federal grants, scientists must increasingly comply with a growing list of rules and regulations, some of them clearly too stringent and cumbersome. M.I.T. President Jerome Wiesner worries about the effects of the extraordinary amount of paper work required to obtain a federal grant. Usually the scientist, or his university, must fill out endless fact sheets crammed with trivial questions. OSHA wants a copy; the Defense Department requires five or six; HEW, DOE, EPA-all of the burgeoning flock of federal alphabet agencies...
...capacity of an ordinary person to grasp -that is, to picture the quantity. Yet obviously a great effort is required even to cope with what is symbolized by a billion. The proof lies in those familiar tormented illustrations that writers cook up in the hope of suggesting the amount of a billion: the 125-mile-high stack of dollar bills that would add up to about a billion, the airplane propeller turning around the clock at 2,400 r.p.m. that would fall short of spinning a billion times in a year, the fact that a billion minutes...
Depending on whom you believe, business in the Square will either be fatally hurt or boosted by the Carpenter complex. James A. Argeros general manager of the Harvard Cooperative Society, says "a substantial amount of retail space would adversely affect our business...
...Government for the innovation recession. M.I.T.'s Gray complains that high taxes on capital gains and excessive Government regulation have discouraged new entrepreneurs. The 1969 increase in capital gains taxes from 25% to 49% dried up venture money, especially for small companies. From 1969 to 1975 the amount of new capital acquired annually by small firms sank from $1.5 billion to $15 million...