Word: deficit
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Dates: during 1960-1969
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...like an intensive graduate course in social, economic and po-,. litical problems," says Rocky. "I enjoy solving problems." In that graduate course, solving his problems as he went along, Nelson Rockefeller has garnered some high marks: FINANCE. When he took office, the state faced a potential deficit of $700 million...
...Rate Coup. From the very beginning, nothing about the merger had made much sense. Only hope of survival brought the two chains together, in the outside chance that the weld-awkwardly dubbed the News-Call Bulletin-might cure a combined deficit approaching $2,000,000 a year. What Hearst really wanted was to take over its smaller rival; the union was approved only after Scripps-Howard, anxious to hang onto its only West Coast newspaper (its next westernmost outlet is the Albuquerque, N.M. Tribune), paid $500,000 for the right to run the news side of the joint operation, leaving...
...parts (241,965). Instead, circulation dived to 191,143. By rights, a single evening paper, without competition, should have gained ads. Instead, in 1960, the News-Call Bulletin's linage fell 6% from igGo's figures. By rights, the combined operation should have reduced the combined deficit...
Since the inroads of the foreign air carriers adds $240 million a year to the U.S. balance of payments deficit, a single strong U.S. overseas airline may find more support in Washington now than it has in the past. But the sheer size of the proposed line-bigger even than the proposed combination of Eastern and American airlines-will send a shiver through CAB. Approval of the merger would also end a longstanding CAB policy of denying domestic routes...
...roaring inflation, Goulart raised the required reserves of private banks from 14% to 22% of deposits. The move should cut the amount of currency in circulation, by tightening the amount available for loans. Next, Goulart went after Brazil's sorely unbalanced trade (last year's deficit: $67 million), increasing the rate of exchange from 310 cruzeiros to the dollar to 350 for buying, and from 318 to 359.30 for selling. This should encourage exports and make imports more expensive...