Word: deficit
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Dates: during 1960-1969
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...political provinces, and has exacerbated the estrangement of the national organization from state and local Democratic of ficials. Johnson once passed the word that the National Committee "isn't worth a damn except to raise funds." Under Criswell's regime, the party's $2,000,000 deficit from 1964 has been erased...
...desperately seeking to keep his chamber in session. There is still plenty of unfinished business: Reagan's own program to reduce California's high property taxes, a $100 million school financing bill, increased workmen's compensation and disability benefits. The most important item: a $144 million deficit that is holding up completion of San Francisco's troubled Bay Area Rapid Transit System...
Governor Reagan, of course, may well call a special session of the legislature to expedite San Francisco's long-awaited BART system. Various measures have been suggested for overcoming its steep construction deficit: higher Bay Bridge tolls, additional vehicle registration or sales taxes, diversion of highway funds from the three bay counties to be served by BART. But thus far, parochial interests or lobbyists have stymied every solution. The delay has prevented BART from opening bids on the new cars for the system. That may in turn delay the opening of BART, scheduled for 1970, until well into...
Nowadays, A.M.C. is doing some fire breathing itself-and the strategy so far has been a savior. Introduced at a time when the deficit-ridden company could barely afford tool-up costs, the hot Javelin will easily sell out its 56,000-car production run this year. Widely raced (it is currently second in nationwide stock-car standings, after General Motors' Camaro and ahead of Ford's Mustang), the Javelin has drawn younger crowds into A.M.C. showrooms. Next year, the company will race the new $3,245 AMX, a 150-m.p.h. souped-up Javelin that competes with...
...often as once a week, said Federal Reserve Board Governor George W. Mitchell, who headed the board's study group of ten. In the recent past, discount-rate changes were watched chiefly by foreign central bankers for evidence of U.S. resolve to tackle its balance of payments deficit. In the past nine months the rate has been upped three times, from 4% to 51%. This was interpreted abroad as an encouraging sign of stringency in U.S. monetary policy...