Word: deficit
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Dates: during 1960-1969
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...Last year Lufthansa in creased its profits over the previous year by almost 500 times, to $9,230,000. Air France has flown 16.3% more passengers so far this year than last, and its overall revenues are up 6.1%. Sweden's SAS moved from a $17 million deficit three years ago to a profit of $14 million last year. KLM Royal Dutch Airlines last month announced its first profitable quarter in five years-$4,000,000 in earnings for the April-June period. Rising on the New York Stock Exchange along with the buoyant stocks of U.S. airlines-which...
...budget. But most of them have been financed by these methods anyway−Korea and Cyprus by donations, Kashmir and Palestine by the U.N. treasury. The Russians, who, according to U.S. figures, owe $62 million in back assessments, have hinted that they would make a voluntary contribution to the deficit-troubled U.N. budget−provided, of course, that no one says they have to do it under Article...
...Fowler made clear that he considered the improvement temporary, and that the U.S. still has a balance-of-payments problem: "We don't take it as a sign that we have turned the corner from deficits to surpluses." Nonetheless, even the careful qualifications could not conceal the fact that the U.S. has come quite a way from its $756 million loss in 1965's first quarter and the peak $1.6 billion deficit of 1964's last quarter. If the new figures did not show that the payments problem is licked, they at least demonstrated...
...Labor government's aim is not only to wipe out Britain's trade deficit next year, but also to shock ordinary citizens, businessmen and labor into grasping the gravity of Britain's economic plight−and then reforming the featherbedding, from chairman to charwoman, that has helped to cause it. Prime Minister Harold Wilson recently warned that "complacent and prosperous manufacturers must get off their backsides," insisted that Britain can no longer tolerate "workers who inflict harm on production with go-slows or sporadic strikes in defiance of their own union." A government report has just accused...
...Japan's postwar economic recovery almost continuously since 1947, pursuing his ex pansionist program as Prime Minister with a promise to double per capita income within ten years, until in 1961 Japan had the world's highest growth rate (18.9%) but also a record $1.5 billion trade deficit and the beginnings of a recession; of pneumonia, following surgery for throat cancer; in Tokyo...