Word: deficit
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Dates: during 1960-1969
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...economy. Some economists believe that the U.S. moved so swiftly from the 1958 recession into the 1960 recession because the Eisenhower Administration combined high interest rates with a mighty drive for a balanced budget in fiscal 1960 (a considerable shock to the economy after the $12 billion deficit the previous year...
Onetime Harvard President James B. Conant estimates the "deficit" between public school needs and resources as roughly $8 billion a year. The U.S. Office of Education reports that last fall public schools were short 142,160 classrooms. Of the nation's current 37.6 million pupils in public elementary and secondary schools, 1,868,000 are "in excess of normal capacity," and 685,000 are on half-day shifts. In the next decade, the schoolgoing population will rise by nearly 1,000,000 pupils a year, three-fourths of them concentrated in 200 large cities, and they will need...
Goals by captain Stu Forbes and Dave Morse gave the Crimson an early 2-0 lead, and a third score by Gerry Jorgenson quenched any Yalie hopes aroused when the Bulldogs crawled up to a 2-1 deficit late in the first period...
...Crimson won the top four matches, and the bottom two. William's hopes for an upset collapsed in the fifth game of Hampy Howell's match against Bruce Brian when Howell won four consecutive points to turn an 11-14 deficit into...
Smith took the third game handily, moving from a single point lead at 9-8 to an eventual 15-8 win. In the fourth he seemed assured of an even easier victory, but Buck came back from a 12-4 deficit to tie the score at 13-all, winning the last three points on cannonball services. Smith won the match on five straight overtime points...