Word: deficit
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Dates: during 1960-1969
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Refreshing as such techniques may be, there is some doubt about how many votes they may win. But Alsop is also campaigning on a serious state issue. He argues that Ribicoff, when Governor, and Dempsey increased state taxes by $122 million, even while increasing the state deficit by $744 million...
...decorum. Not James J. Saxon, 48. When Saxon took the job last November, he brought with him 27 pages of recommendations for reform. With almost indecent haste, he raised the Government's assessment on nationally chartered banks in order to erase his department's $2,500,000 deficit, opened new regional offices, slashed paperwork 50%, and cut the time required to approve a new bank charter from nine months to 75 days. "Jimmy Saxon," said one top U.S. banker, "is the kind of man who figures the quickest way to get into the next room...
Question Mark. One of the hottest battles will be over money. The U.S. is preparing a major campaign to whittle down the U.N.'s huge $138 million deficit by collecting back dues from delinquent members, including cash for the expensive Congo and Middle East policing actions. Despite an advisory opinion by the World Court that delinquent nations should pony up their full share for all the U.N.'s activities, Russia has flatly refused to pay for the Congo operation. Said Gromyko: "Let no one entertain the belief that the Soviet Union will divert a single kopeck to aiding...
Getting It Out. Against Gray, a steady newcomer playing in his first U.S. Amateur championship, Harris proved that his win over Billy Joe was no fluke. He had a horrendous first 18 holes, bogeyed his way to a five-hole deficit after the morning round. At lunch, Harris' father phoned. "You can do it, son," he rooted. "You've got it in you." Returning to the table, Harris laughed. "I've got it in me." he said. "Now if only I can get it out." After lunch the scholarly young mathematician clicked off a spectacular series...
...first half of this year, thanks to increased exports and decreased Government spending abroad, the U.S. balance-of-payments deficit ran at an annual rate of $1.5 billion v. 1960's record $3.9 billion. By next year, predicted IMF Director Per Jacobsson, the U.S. payments deficit will have disappeared entirely. This alarmed many of the European delegates, who were keenly aware that the more than $20 billion that has flowed out of the U.S. into other nations since 1952 has been a major instrument in financing the expansion of world trade. If the flow is reversed, they fear...