Word: deficit
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Dates: during 1960-1969
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...freshman called upon an unusual tactic to turn the annual deficit-producing Jubilee into a money-maker. "We doubled the budget," Paul J. Zofnass '69, chairman of the Jubilee committee, said last night...
Fowler, who only three months ago was insisting that the U.S. would whip the eight-year-old problem in 1966, appeared last week at a Washington news conference with Commerce Secretary John Connor, and reported morosely that the deficit in the nation's balance of payments jumped to an annual rate of $2.3 billion in the first quarter, up from last year's $1.3 billion. Fowler also conceded that the U.S. has surrendered just about all hopes of achieving a balance as long as the war in Viet Nam continues. The direct and indirect costs of Viet...
...decided against taking any such stringent measures. It has no intention of slashing foreign aid, though rebellious congressional leaders are talking of reducing it by $1 billion. As for a head tax on foreign-bound U.S. tourists, who will contribute about $2.5 billion to the payments deficit this year, compared to $1.8 billion last year, Fowler said that such an idea has been "laid quietly to rest for the time being." In all, the Administration plans to continue relying on its "voluntary" restraints, which have proved to be ineffective and which put practically all the burden of reducing overseas spending...
Phillips Brooks House cut its $24,000 deficit in half with an $8000 grant from the Educational Branch of Ford Foundation and $4000 from an anonymous Boston Trust, Peter B. Rosenbaum '67, president of PBH said yesterday...
Died. Walter J. Tuohy, 65, a merger master of U.S. railroading, who, as president of the Chesapeake & Ohio, proved for all time that two-or even three can live more cheaply than one, in 1963 paired his successful coal-hauling C. & O. with the deficit-ridden Baltimore & Ohio, thus producing a $65 million combined annual profit within two years, and this year (pending ICC approval) adding the Norfolk & Western line to build a network that in track (26,460 miles from Maine to Nebraska) and annual revenues ($1.82 billion) would rank as the nation's second biggest, next...