Word: overhead
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Dates: during 1960-1969
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...Intelligence trawlers refuel at what has become the Soviets' main Mediterranean port of call, Alexandria. Soviet patrol boats tie up 1,700 miles to the west at the Algerian port of Mers-el-Kebir. Soviet subs play hide-and-seek with NATO patrols underneath the heel of Italy. Overhead, from bases in Egypt, Soviet "Badger" class planes, their red stars painted over with Egyptian markings, wing daily across the Mediterranean to shadow Allied fleets...
...predictons show a $560,000 drop in income, from $35.4 million last year to $34.8 this year. Unlike the expense column, where the blame was spread over many small increases, the cause of the income drop is immediately obvious. While most items contribuing to income show modest increases, the "Overhead from Research Contracts" entry takes a $480,000 drop...
...last spring, the federal government and other large research foundations have been busily chopping away at their research contracts with universities. Those cuts do not affect the faculty budget directly. No grants go into the budget; instead, the faculty receives a percentage of each research grant as payment for overhead costs--such as maintaining the labs and offices for the researchers. So when the research contracts are cut, overhead payments drop correspondingly. The overhead costs, however, keep right on going, and the Faculty begins to lose money on its labs instead of breaking even...
LAST YEAR, the Faculty ended up collecting more of the overhead costs than Ford had predicted, and the unexpected money helped bail the budget out of its predicted deficit. This year, however, prospects are bleaker. The Faculty will still get its overhead percentage--7 per cent of all research money--but the total amount of research grants will be much lower. For the first time since the 1940's, the grant totals will drop, and Ford predicts 25 per cent less research money than would have come with normal expansion...
Snug Burrows. For nature study, the museum has taken birds and butterflies out of glass boxes and installed them in a simulated forest that the children can observe from overhead platforms. There is also a tunnel tour below the forest floor, where they can see wood-chucks, weasels and chipmunks all snug in their burrows...