Word: deficit
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Dates: during 1960-1969
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...year. Studebaker is the only U.S. automaker to turn out fewer cars in 1963 than in the year before; in nine months, it has sold 47,319 units, a 20% drop from 1962's 59,264 for the same period. For 1963's first nine months, its deficit is $9,800,000. And, despite considerable restyling, its '64 models have got off to a poor start: the company has an 86-day inventory on hand, compared with an industry average of 26 days. Last week Studebaker, which has already laid off 1,200 employees because of slow...
...worries have dogged the Government and businessmen more than the U.S. balance of payments deficit. Last week the Commerce Department announced some hopeful news: in the third quarter the payments deficit ran at an annual rate of $1.5 billion, compared with $5.1 billion for the second quarter. This was a six-year low. Main reason for the improvement was that purchases of foreign securities by Americans were "nearly zero" because of the Administration's proposed 15% tax on such purchases. The Government expects the improvement to continue in the fourth quarter...
...Kansas City Buffaloes have a peculiar problem: they play most of their games on the road, and under league rules, the home club pockets the gate receipts. As a result, the Buffaloes sport a season's record of five wins and one loss and a season's deficit...
...Shoestring. A decade later, Benjamin tried another railroad on the big island of Hawaii. This one was indeed a folly, wound up putting the Dillinghams $4,000,000 in debt-a bigger deficit than the entire Territory of Hawaii had at the time. Walter was called home from Harvard in 1900 to help straighten out the mess, and when Benjamin's health failed, he took over the business...
...having trouble with its foreign policy, it is largely because of its limping economy, writes Myrdal. The U.S. cannot persuade its allies of its policies because of its continuing balance of payments deficit. Some leadership is passing to the creditor nations of Europe-an ominous trend, thinks Myrdal, since he believes that democracy is not so firmly grounded in France, Germany or Italy...