Word: deficit
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Dates: during 1940-1949
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...heavy a crop on the crowded fields of Asia's close-packed millions, no other food so satisfies their taste. The most populous countries of East Asia (China, Japan, Java), for all their unceasing efforts, are barely self-sufficient in normal times. China has a slight but chronic deficit. Three other Asiatic countries (Burma, Thailand, French Indo-China) produce almost the entire world's supply of commercially exported rice. Some years they export as much as 6,000,000 tons among them to such countries as India, Malaya, Cuba, France...
...China, the internal equalization of surplus and deficit areas has been upset by war. In Chungking, which formerly drew its rice from battle-pocked Hunan via the Yangtze, black-market prices of rice were 30 times pre-war prices last spring. Last year, to make matters worse, Szechwan, Chiang Kai-shek's base province, had a crop failure. Its yield fell off almost 50%. To prevent hoarding, to make certain of Army and urban rice supplies, Chiang's Government this summer decided to collect the land tax in grain (almost exclusively rice), not money. With a better...
...Portland Summer Symphony became the first concert orchestra to hire Edgar Bergen and Charlie McCarthy as guest artists. Object: to wipe out a $1,500 deficit. (Failed by $500, because of bad weather.) McCarthy gagged between numbers, did not conduct the orchestra. Said Conductor Paul LeMay, who did: "I wouldn't do it again...
...foster a war psychology." Serious, dark-haired Ralph K. Davies, Ickes' oil deputy, did his best to make the shortage seem real. His figures: the Atlantic Seaboard will burn 199,900,000 barrels of petroleum products in the next four months, will get only 172,100,000. Deficit: 27,800,000. Stocks now in the East are 72,600,000 barrels-just enough to cover the deficit and leave an irreducible working reserve...
Caught in a cross fire from suspicious Senators, Davies admitted that even the 27,800,000 deficit might not materialize. Tank cars, which he understood to number 18,000, might fill the tanker gap. But the tank cars were elusive. He did not know where they were, whether they were idle, how they could be put to work. Neither Transportation Defense Commissioner Ralph Budd nor American Association of Railroads President John Pelley could tell him. The Senators decided to get hold of Messrs. Budd and Pelley, track the tank cars to their lair...