Word: deficit
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Dates: during 1960-1969
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Despite such popular performance, the railroad suffered a $100 million deficit last year. The proud boss of the Bundesbahn's 470,000 employees, President Heinz Maria Oeftering, 60, a Munich-born onetime law professor, blames the loss not on the expensive extra service but on the "wholly extraneous expenditures" that the government makes the railroad bear. Although its long-haul passenger trains make money and lucrative freight accounts form 60% of its revenues, the Bundesbahn has to carry such privileged patrons as commuters, students, workers and war veterans at government-dictated cut rates (up to 96% off). An even...
...sleep or more, just as Dr. Tiller prescribed. They were more relaxed, had fewer complaints, and were less prone to become apprehensive, dizzy or confused. Some of the tensions of the aged, Dr. Tiller concludes, may be due to something as simple and obvious as "a long-standing deficit of rest, sleep or both...
...urge for the Yankee label has economists like Marjolin worried. Western Europe has a $5 billion trade balance deficit. More than this, the inflow of U.S. goods-especially of those on which tariffs are high or haulage is expensive-encourages development of U.S. plants in Europe that can compete on even tighter terms. Last year alone, for every $1 worth of goods arriving from the U.S., $3 worth were already there, made and sold by Americans...
...center of some political turbulence that is almost certain to cause it further financial trouble. Criticizing the airline's management, Labor M.P. Roy Jenkins summed up BOAC's unhappy times: "The trouble started three aircraft types, four chairmen, five ministers of aviation and 80 million pounds of deficit...
...Royal Air Force will take three, and production of the remaining ten will be suspended. To meet the payments of $9,000,000 per VC-10, BOAC now needs a larger handout, or perhaps even a write-off of part or all of its accumulated $224 million deficit. Said Sir Giles: "The government will ensure that financially we will be in no worse a position as a result of taking on these aircraft." That was rather negative assurance. Hard-pressed BOAC announced stiff reductions in operating expenses, including staff cuts and the elimination of such unprofitable routes...