Word: deficit
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Dates: during 1960-1969
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...Bell, Dantas listed eleven separate steps that his government will take to curb the ruinous inflation that has lowered the value of Brazil's cruzeiro by 78% in the past five years alone. Among them: tighter controls on government spending in order to cut Brazil's treasury deficit, less new currency to be printed, some much-needed overhauling of money-losing state-owned enterprises, a serious attempt at tax reform and improved tax collection, curbs on coffee overproduction, expansion of other exports (iron ore, meat, manufactures), encouragement of private investment from overseas...
...reasoning was that the tax cut itself would stimu late business incentive and release plenty of private spending to put new pep into the economy. Now, the Administration says that tax reduction is not enough: the prescription must include Government spending at the price of a massive, planned deficit...
...trustees to which they report. They preside over the peaceable academic senate below them. In the 1930s one of them tried to build the school's reputation with big-time football (in 1936, C.U. actually beat Ole Miss in the Orange Bowl) and piled up a huge deficit. Another allowed the engineering school to lose accreditation (since restored) in the 1950s...
...competitors pay only 24? because the U.S. subsidizes its cotton exports by 8? per lb. in order to compete in world markets. This is one reason that, since World War II, the U.S.'s long-held textile trade surplus of $300 million has turned into a gold-draining deficit of $400 million yearly as foreign textile men push low-cost, cheap-labor textiles into the U.S. market. The Textile Institute's President William H. Ruffin, who will be succeeded in the job later this year by Stevens, captured the general mood of the convention: "All that this industry...
...foreign investors and inspires the remaining ones to kick up their prices to reap a quick profit before they too are grabbed. Through its anti-Dutch expropriations, Indonesia lost its best technicians and much of its export earnings, and is now nearly bankrupt. Argentina's $365 million budget deficit is due almost wholly to its losses from the nationalized railways and utilities that it took over during the Perón era from their British and U.S. owners. Warned a U.S. report on foreign aid, released last week by the Clay committee (see THE NATION): "Agitation for the expropriation...