Word: impactions
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...many a Congressman, massive defense spending is essential to the nation's prosperity. Not so, says a top-level presidential committee that has spent 18 months studying the economic impact of the defense program. The committee's first report, issued last week, concludes: "Even general and complete disarmament would pose no insuperable problems; instead, it would mainly afford opportunities for a better life for our citizens...
...result of declining military demand. In small communities such as Port Clinton, Ohio (pop. 7,000), which stands to lose 2,000 jobs when the Erie Army Depot closes next year, such shifts can be ruinous. The committee therefore urged continued research and government help to soften the impact of changing military technology. This, rather than any likelihood of widespread unemployment as a result of disarmament, is the Administration's principal cutback worry...
...wholly clear that we cannot tolerate the fix, that we cannot run traffic courts for revenue rather than for the purpose of influencing behavior, that serious violators must face judges. Their procedures should be upgraded and modernized to dispense justice on the one hand and to have the desired impact on the violator on the other hand...
...prizes mean more than pumpkin pie awards at a county fair were hardly satisfied. Rio's O Globo labeled Burri's latest "the mere decorative futility of burnt holes in transparent plastic." Correio da Manha simply called the prizes "a scandal." Surely exaggerated, but the overall impact of the São Paulo Bienal was like that of most conventions-fatigue and confusion...
Hardly any decision is taken by the Government without first weighing its impact on the U.S. economy and consulting with the Treasury Secretary. Fowler's Treasury collects $100 billion a year in taxes and pays it all out again with more than 300 million checks. It stores $51 billion in cash and securities in 15 vaults beneath Fowler's office, and each week routinely refinances $2.2 billion of the federal debt. The Treasury mints and prints the nation's money, has 88,000 employees, directs the Coast Guard, and, next to the FBI, runs the biggest law-enforcement enterprise...