Word: debt
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Dates: during 1950-1959
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...Indian xenophobes. At home, Mahalanobis wants to jack the tax level from 7% of national income to 10% (the U.S. tax level: 26%). Even with the higher taxes and $1 billion from outside, a deficit of $4.4 billion would remain. Mahalanobis suggested filling half the gap through funded debt, the other half simply by having the government print $2.2 billion in new money...
Yale ran into a hole almost half a million dollars deep last year. The treasurer's report yesterday showed a debt...
...alliance. But by last week, that partnership was itself in danger of disintegration. Far from acting like NATO allies, the Greeks and Turks were bitterly at odds over Cyprus. Turkey, whose 440,000-man army is the West's strongest bulwark in the area, was so badly in debt that last summer private oil companies cut off its supplies until the government pays in cash. Cyprus itself, linchpin of the NATO area defense, was seething with pent-up troubles which the Greek radio, speaking for a shaky government, urged on in the apparent hope that recriminations against Britain...
...Chamber also had a few words of caution. With the economy straining at near capacity, future rises would "probably become more moderate." It also foresaw some possible trouble spots in the economy in the excessive rise in consumer credit and mortgage debt. The Chamber thought that the Government's efforts to restrict credit were all to the good, and concluded: "A general tightening of credit now . . . would allow elbow room to loosen credit next year to buoy up the economy if necessary...
...Idol Maker" by Bruce Fearing is the best of a mediocre bunch of stories. A penetrating study of an habitual young liar and his motives for lying, Fearing's story is written and concluded strikingly. His style, however, betrays a small debt to Faulkner ("Jimmy looked at the crude statuette in the palm of his hand. LIAR, LIAR, LIAR, he squeezed it, hoping it would crumble to pieces. . ."), a debt which is hardly concealed by the use of capitals. Although Fearing's story is not likely to live on in anthologies, it is still the best in a rather scant...