Word: deficits
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Dates: during 1930-1939
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...President-elect began by accepting President Hoover's own estimate of the 1934 deficit-$492,000,000.* His conferees promptly told him that this was a gross understatement as it anticipated full War Debt payments and was based on revenue estimates by the Treasury which he had flayed in his campaign as misleading and erroneous. But Mr. Roosevelt had no heart for making his job any harder by assuming a larger deficit than his predecessor calculated. He began to cast about for additional receipts with the following results...
...face of the tremendous deficit which such figures guarantee, the H.A.A. must make drastic cuts if its budget is to be balanced during the present academic year. it is not inconceivable that the Association might be forced to drop, as in Dartmouth's case, Freshman, Jayvee, and minor sports; it is not an exaggeration to state that a number of the coaches might have to go. These extremities raise again the urgent problem of Harvard's relation to its athletic program, and in what manner it should financially support that program...
There is justification for this argument. In face of such a possible deficit, there is need for much drastic economy: some cuts can certainly be made and have already been made, in intercollegiate sports, in the roster of Harvard's sixty-two coaches, in upkeep of buildings, in guarantees, and in trips. But a retrenchment of some $250,000 or more can not be made in a half year along such lines without crippling, perhaps destroying the University's expressed policy of "Athletics...
...digging blackamoors produce more than half the world's current supply of new gold. In 1931, latest year for which statistics are complete, the world mined $440,518,000 in gold of which South Africa, supplied $224,863,000. Last spring, when the Union had a budgetary deficit of $6,000,000, Finance Minister Nicolaas Christiaan, Havenga in effect snapped his Dutch fingers, confidently cried: "There is no doubt that, despite diminishing revenues, we have ample resources to keep our currency on the gold standard!" (TIME, April...
...Boston Symphony for ten Saturday night concerts beginning New Year's Eve. The fee was not disclosed but the Boston Symphony badly needs whatever it can get. Boston's band has never been offered a sizeable radio contract before. To help meet this season's deficit, which without N. B. C.'s help would have run to some $93,000, Conductor Sergei Koussevitsky and his non-union orchestra (only one in the U. S.) lately offered to turn back $46,000 from their salaries...