Word: deficit
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...President's "guidelines" are designed to improve the deficit in our balance of payments. Because Americans now spend abroad more than foreigners spend here, there is a net outflow of dollars from the United States, Central banks in other countries have the right to convert their surplus dollars to gold. And the resulting gold drain jeopardizes the stability of U.S. currency...
...have earmarked the 6,000 vehicles they will produce in 1966 for export to Common Market countries; they hope to raise production to 15,000 in 1967, begin selling in Greece. If they succeed, the brothers will provide an important economic lift for Greece, which has an annual trade deficit of $530 million: the value of Pully exports in 1966 should equal the exports of Greece's entire metal-manufacturing industry. Says Victor Kondogouris, 34, National's assistant managing director: "We aspire to make our Pully business the backbone of Greece's export trade...
...capped a year of bad news with the bleakest news of all: the company lost a staggering $7,624,000 in the fourth quarter of 1964 as compared with a $1,400,000 profit for the same period in 1963. Total 1964 loss: $13,947,000, second largest yearly deficit in Curtis' history, surpassed only by 1962's $18,917,000. The company added that it would postpone April interest payments on its $9,970,000 outstanding debentures and was considering a recapitalization of its preferred stock...
...balance-of-payments deficit is the least-understood major problem facing the nation today. Many of the businessmen most affected by it confess that they do not grasp all its vagaries and nuances. But they are convinced that when a relatively modest $3 billion deficit forces a nation with a $650 billion economy to reduce its role in international finance, then something is wrong with the world's bookkeeping...
...There are, in all, 4,200 banking outlets, or one for every 1,300 people. The banks earned $295 million last year, nearly as much as the tourist industry, and attracted $568 million in foreign capital-on which the nation has long depended to offset its persistently large trade deficit...