Word: deficit
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
Last week, pleased by one accomplishment but alarmed by the other, the New Republic was shaken by another surge of frantic economizing. Editor Michael Straight, whose family has footed the New Republic's steady deficit since 1914, had given up the dream of a slick-paper product with lavish displays of half-tones, big names and special art work. Gone, in the undertow of the economy wave, was a flock of staffers. The staff was still bigger than in pre-Wallace days, but the survivors had that worried "who's next" look. The trouble was that the magazine...
...Chairman Knutson bumped into an unexpected obstacle. Treasury Secretary John Snyder, usually mild and conciliatory in his dealings with Congressmen, belligerently denounced the Knutson bill as inflationary, deficit-producing and, in short, "a major threat to the nation's financial integrity." Chairman Knutson reacted by subjecting his witness to a day-Jong badgering. Other Republicans were quick to realize that John Snyder was broadening a hint already made by the President: the Knutson bill, as it stood, would be vetoed. Good & scared, they began to talk of bringing the tax slash down to around $4 billion. At week...
...year (TIME, Feb. 17) he had exulted: "Since 21 years, Chicago is my goal." But once he had reached his goal, said the Chicago trustees, he had not only consistently played hooky, but he had caused confusion and expense in rehearsals with last-minute changes of program. The estimated deficit thus...
After bestowing this benign "Well done," Cripps wagged a grandfatherly finger. Even if British production reaches his target-140% of the prewar level-the trading deficit with the U.S. will be running at about $1 billion a year. Without Marshall Plan aid, he warned, Britain's dollars and expendable gold reserve will be exhausted by midsummer. Then Britain will "be driven back upon a policy of immediate self-preservation." Cripps meant that, without further U.S. aid, Britain would have to cut off U.S. food, raw material and machinery imports, fall back on barter pacts with other countries...
Brain child of an American Council of Learned Societies group, Spectator started life with a three-year subsidy ($5,000 a year) from the council, besides gifts from the colleges and other angels. Because of development costs, it had a year-end deficit of $6,000, which Stanford will make...