Word: deficit
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Dates: during 1960-1969
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...Congress this year has been deluged with bills to put import quotas or similar nontariff barriers on steel, textiles, footwear and dozens of other products. The temptation to erect trade barriers is seductive. For somehow, the U.S. must end or at least substantially reduce its persistent balance of payments deficit; otherwise the dollar may face the same pressures as the franc and the devalued pound...
Ironically, this year's growth in world trade, the underpinning of global prosperity, has increased the strains on the world's monetary system. Among the countries whose exports have risen fastest are Germany, Italy and Japan, which already have substantial balance of payments surpluses. If the major deficit countries, the U.S. and Britain, actually succeed in curtailing imports and expanding exports, the world's main source of reserves to finance trade will shrink. Under today's monetary system, with nations free to pursue conflicting policies, the world can only look forward to one crisis after another...
...rising statistics of auto ownership obliges Brazil to import about 50% of its annual supply. The $260 million oil bill that car drivers run up more than offsets the savings on auto imports. As such, it is a primary factor in the country's painful balance-of-payments deficit...
...chief objection to the ordinance centered around the tax--currently $82 per $1000 of property--which could rise as much as $20 next year. Mahoney said that the pay raises would affect rent payers as well as property owners and cited the increased school construction problem, the MBTA deficit, and the MDC charges as problems which the City must still face in its budget considerations...
...heated and lit yellow school bus will make two complete circuits an hour between Hilles and Lowell from 6 p.m. to 1 a.m. every night, except Sunday. If the bus can pay for itself, or has only a small deficit between now and Christmas vacation, it probably will run the rest of the winter. Harvard is underwriting the cost of the three-week trial period...