Word: deficit
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Dates: during 1960-1969
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...TIME. Jan. 12). which are slicing into Germany's export markets. With exports of capital goods off slightly this year. German steel production has dropped 10%. At the same time, wage raises have increased demands for imports, with the result that West Germany this year may suffer a deficit in its basic balance of payments...
...Hearst Consolidated Publications, Inc., which includes six of the eleven Hearst papers* and is the sole publicly held corporation in the Hearst complex. Last week Hearst Consolidated released figures suggesting that its health is poor indeed. On gross revenues of $153 million in 1961, the company logged a record deficit...
Over the past decade, the corporation has skipped 28 (out of 40) dividends on its preferred stock, and its deficit has climbed alarmingly: $2.4 million in 1959, nearly $6.5 million in 1960. To reduce costs, Hearst officers have ruthlessly winnowed its newspaper ranks by merger or sale, most recently in Los Angeles, when Hearst's morning Examiner vanished into its afternoon paper, the Herald-Express (TIME, Jan. 12). The annual report also warned stockholders to expect a serious loss in the first quarter of this year-partly because of "heavy expenses" incurred in the Los Angeles merger...
...belief that a college should neither make nor lose money through its dining and room facilities," President Bunting reported. Arthur D. Trottenberg '48, administrative vice-President, said yesterday that the College has been losing money on its room and board charges for several years and that a heavy deficit projected for 1962-63 forced the increase...
...unemployment in the depressed areas is desirable, the proposed $600 million outlay can scarcely be expected to act as an effective stimulus to the total national economy. At the same time, if it passes Congress, the new program will add to the growing likelihood of yet another federal budget deficit in fiscal 1963-a circumstance unlikely to enhance confidence in the U.S. economy either at home or abroad...