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...next year. As it happens, the fiscal 1962 budget deficit is expected to hit at least $7 billion. And estimates of the deficit for the next fiscal year run all the way from nothing (Kennedy's, with several ifs) to $10 billion. Said Virginia's Senator Harry Byrd, chairman of the Senate Finance Committee: "We are told that the fiscal situation will be all right if we balance the federal budget over a cycle of years, and that this will be taken care of automatically if the Federal Government will only spend enough to raise the gross national...

Author: /time Magazine | Title: The Economy: The Happy Tune | 5/25/1962 | See Source »

...hard fact is that continuing deficits ultimately end in bankruptcy." Although Byrd is considered old shoe by the New Frontier, he has for almost 30 years kept a discerning eye on the Government's fiscal policies-and knows a bit about such matters. His remarks reflect a general edginess about the Administration's fiscal policies. H. Ladd Plumley, new president of the U.S. Chamber of Commerce, last week expressed the feeling that the Kennedy Administration was really trying to get along with business...

Author: /time Magazine | Title: The Economy: The Happy Tune | 5/25/1962 | See Source »

Thomas Alva Edison, Harriet Beecher Stowe, and Admiral Richard E. Byrd were at various times regular customers of the book shops. Franklin Roosevelt once attributed the origin of his Hyde Park library, and his interest in collecting books and historiana, to the wise tutelage of Cornhill proprietors...

Author: By Russell B. Roberts, | Title: Boston Redevelopment Will Claim Historic Sites in Cornhill Vicinity | 4/9/1962 | See Source »

Everyone was most cordial. Senate Armed Services Committee Chairman Richard Russell set the tone for the session: "I understand from Senator Byrd that you are a Virginia boy." U-2 Pilot Francis Gary Powers, making his first public appearance since his release from captivity in the Soviet Union, smiled back. Then, in a soft drawl, he told his story. Committee members asked a few gentle questions, and sent him on his way with their paternal blessings. It was all over in 90 minutes...

Author: /time Magazine | Title: Investigations: Return of the Native | 3/16/1962 | See Source »

...National Science Foundation is setting up an elaborate camp in Marie Byrd Land to study the strange magnetic ducts that arch through space and carry radio waves between the Southern and Northern Hemispheres. > The U.S., Britain and Russia are leading a smooth-running Scientific Committee for Antarctic Research, which is already working out plans for securing valuable weather data in the international "quiet sun" year in 1964-65. Expected to be of great help: the U.S. Tiros satellites...

Author: /time Magazine | Title: Science: Mysteries of Antarctica | 12/1/1961 | See Source »

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