Word: deficit
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Dates: during 1960-1969
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...this year for lack of funds. In Detroit, eight schools have already announced closing, and 42 others have been told that they must decide between consolidation and shutting down. In Philadelphia, the Catholic school system has mounted a mammoth fund-raising drive to head off a possible $10 million deficit next year. In at least half a dozen states, parochial-school lobbies are badgering their state legislatures for some kind of immediate help. It is needed: last year alone, 637 Catholic schools in the U.S. shut their doors, and the total will be higher...
...hard to understand the critical importance of the $30,000 to $50,000 saved each year by reductions in the scholarships of students on probation--particularly in view of the Committee's request for a $1.5 million budget for next year. If the scholarship Committee does indeed run a deficit, that can only mean that the Faculty should reconsider the priorities of its budget. Harvard needs to allocate much more money towards the recruitment of students from low-income families. The solution to the scholarship situation is not to be found in miserly quibbling over the tiny amounts of money...
...weeks, all 23 Ford plants in Britain have been paralyzed. Every day, the company has lost almost $5,000,000 in production and Britain has lost about $2,400,000 in exports. Britain can ill afford the drain, especially since its trade deficit widened from $214 million in January to $338 million in February. Ford assembly lines in West Germany and Belgium are also pinched. The lack of British-made components has turned production schedules upside down. Ford executives have hinted that they may drop their expansion plans in Britain and divert some of their operations to calmer shores...
...running events were a distinct disappointment for Harvard. Middle-distance ace Keith Colburn drew a slow heat in the 1000-yard trials and failed to make the finals. Colburn atoned with a stirring 1:51 anchor leg in the two-mile relay final to erase a forty-yard deficit and gain fourth place...
...European monetary crisis, the calm in world money markets has seemed almost uncanny. The French franc has suffered only minor buffeting on currency exchanges. Last week the British pound rose to a six-month high of more than $2.39, lifted by the news that Britain's perennial trade deficit narrowed to practically nothing in January. The dollar, buoyed by last year's slight surplus in the usually deficit-ridden U.S. balance of payments, is stronger than at any time in recent memory. Yet amid such outward stability, signs of skittishness abound...