Word: deficit
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Dates: during 1960-1969
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...With the exception of the Broadway theater, which is more or less selfsupporting, the performing arts in the U.S. are running about $25 million in the red. The deficit climbs at a rate of 6% to 8% a year, will double...
A.M.C. was particularly hard hit in the 1966 model-year slump: its U.S. auto sales were down 20% , to 272,000 cars, against an average 4% for the Big Three. Gamely, the company found reassurance in the fact that the deficit was "substantially lower than anticipated." Said President Roy Abernethy: "We've reached the bottom, from the standpoint of the current slide." Possibly - although, despite high hopes for its jazzed-up '67 models, mid-November A.M.C. sales ran 13.5% below the same period last year. Apparently trimming his own expectations a bit, Chairman Evans declared that "there...
...fewer than 1.4 million cars, only half as many as West Germany. In steel, France turned out 19.5 million metric tons, compared with Britain's 27 million and Germany's 36 million. Germany exports about twice as much as France. The French may well run a trade deficit for 1966, and the franc has been weakening on world markets. Business is plagued by low profits, old plants, inadequate research, a shortage of capital and a faltering stock market...
...Battle. Kennedy was a hard learner. For all his 1960 campaign talk about the need to spur the economy's growth, he was at first much less adventuresome and more conservative than his economists. He was determined to balance the budget and mighty reluctant to try the deficit-spending theories of the late John Maynard Keynes. It took Heller and his activist aides almost two years and 300 memos to convince Kennedy of the Keynesian notion that both economic growth and Government income would be increased...
...Crimson had just one play to make up the deficit. Quarterback Paul Masitried to pass and was snowed under in a mass of blue jerseys. The ball popped out of his arms and out of the end zone for a safety to end the game...