Word: deficit
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Dates: during 1960-1969
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Even disregarding the other factors that clouded the negotiations, the city was still in a bad bargaining position. Because of the T.A.'s lack of money due to its present deficit and Lindsay's campaign promise to maintain the 15 cent fare, the Transit Authority didn't think they could obtain the resources necessary to support an increase that the Union would have accepted before the strike deadline...
...money, cannot afford to stay in business. In 1962, six months after three trustees had been charged by the U.S. District Court with determining whether the railroad could be reorganized and maintained under private management, they reported that the source of the New Haven's trouble was its passenger deficit. Every railroad in the country loses money on its passenger operation, but the cause of the New Haven's special problem is its extremely high ratio of passenger service to freight service; one of the smaller roads in the country, it ranks fourth in passenger carrying and second in average...
...first no fan of Keynes ? "I didn't understand one word that man was saying," he sniffed after being lectured by Keynes at the White House in 1934 ? but some of his economists gradually began to lean on Keynesian language and logic to rationalize huge deficits. In World War II, Washington planners used Keynesian ideas to formulate their policies of deficit spending...
...ever dreamed of. In 1965 Johnson vigorously wielded the wage-price guide-lines" to hold wages and prices down, forced producers of aluminum, copper and wheat to retreat from price hikes by threatening to dump the Government's commodity stockpiles and battled the nation s persistent balance-of-payments deficit ,with the so-called "voluntary" controls on spending and lending abroad. Some Keynesians believe that these policies violate Keynes's theories because they are basically microeconomic instead of macroeconomic ?because they restrict prices, wages and capital movements in some parts of the economy but not others. Businessmen also complain...
...physiologist's way of saying that continued, excessive demands have depleted the oxygen normally stored in the tissues and red blood cells. It takes time to make good the deficit...