Word: deficit
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...whole process was bitter medicine for Britain, and Harold Wilson could offer little good news with which to sugar-coat it. December, the first full month after devaluation, brought a balance of payments deficit of $168 million, the third highest monthly total of the year...
Call for Pay Cuts. With a freer political hand, Barrientos has been able to push ahead with his ambitious economic and social reforms, many of which are already bearing fruit. A vast modernization and economy drive has turned the deficit-ridden tin mines ($16.2 million in 1962) into a moneymaker and taxpayer for the first time. With the increase in tin production, export sales have risen 30% in the past three years to $150,400,000. Barrientos has also doubled petroleum production, built scores of new schools, hospitals and clinics, and added 20,000 miles of new roads...
These projects, plus the military cost of the war, caused Bolivia to end the year with a $15 million budget deficit. To help hold down this year's deficit, Barrientos asked his Congress last month to cut his $13,000-a-year salary by 25%, and executives in the government tin company dutifully followed suit, requesting a 20% pay cut. "I hope other state agencies will do the same," Barrientos says. With the guerrilla war over, he realizes all too well that his temporary honeymoon with the tin miners and students could end any day. "We hope to better...
...usual small crowd--including Athletic Director Adolph Samborski--watched in boredom as Harvard slogged to a 25-24 halftime lead. In one of the worst halves of basketball the IAB has ever seen. Dartmouth rallied from a 9-1 deficit only to fall behind on a Gallagher layup at the buzzer...
President Johnson's ensuing actions were a final-and belated-admission that the U.S. cannot, in fact, easily afford both guns and butter. Still, the President's bitter medicine contains no long-range or permanent remedies for the payments deficit. Temporarily effective though it should be, last week's package of controls attacks selected symptoms rather than the fundamental causes. At an unknowable price, it buys extra time for the nation to cope with the real problems: inflation arid the massive federal deficit...