Word: deficit
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Dates: during 1960-1969
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...citizens are Palestinian Arabs, many of them refugees who feel no loyalty either to Hussein or to Jordan. Little Jordan (pop. 1,600,000) gets modest Western aid ($45.5 million from the U.S. and $7,000,000 from Britain in 1961), has a yearly budget deficit of $100 million. Most of its development projects, except for the new East Ghor Canal scheme (TIME, Oct. 27) and Jerusalem highway, exist only on paper...
...varsity ran up a 42 1/2-2 1/2 edge in the field events last night, and the Crusaders would have needed an unbelievable showing on the track to make up the deficit. Crimson captain Mark Mullin, along with Ed Hamlin and Eddie Meehan, killed that hope in the first running event of the night, the mile...
Replying to a questioner who feared that the braking effect of Eisenhower's 1959 budget surplus on the last recovery might be repeated, Heller pointed out that the fluctuation from deficit to surplus in the Kennedy budgets would be much less this year, in a considerably larger economy...
Indonesia has been pushed toward economic breakdown by spendthrift use of foreign exchange (down from $300 million in 1960 to an alltime low of $10 million) and a slump in exports that since 1959 has transformed a $300 million trade surplus into an estimated $50 million deficit for last year...
...unable to make decisions. Exporters, anticipating the devaluation of the peso from the official rate of two to the dollar to a more realistic four to the dollar, halted shipments abroad, and kept their dollars in the U.S. until they could bring them home more profitably. The resulting trade deficit has been devastating, and foreign exchange reserves dropped to an alltime low of $100 million...