Word: deficits
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Dates: during 1950-1959
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Moscoso retorts. Puerto Rico buys heavily beyond its own shores (mostly from the U.S.) and its purchases of goods and services top $800 million a year. It sells less, and its 1957 balance-of-payments deficit was $265 million. The deficit was redressed mostly by incoming capital, payments of $62.5 million to Puerto Rican veterans (who suffered heavy casualties in the Korean war), and money sent home by Puerto Ricans working in the U.S. Washington's grants-in-aid for such programs as health, housing and highways totaled $41 million (which is a bit more than islanders...
...ailing, n 2-year-old Pennsylvania Railroad, "this is going to be the worst year." The 1958 deficit, said Vice President David C. Bevan last week, will top the $4,048,000 loss of 1946, only other year that the Pennsy was in the red. The line has lost money for seven straight months, and "July will be very...
Regardless of what the Russians do, the U.S. dollar is already getting its roughest ride in years. And it looked as if it would continue as long as foreign nations fear that a budget deficit estimated at $11 billion or more next year will bring on new inflation in the U.S. and inevitably cheapen the dollar...
Outgo of $78 billion, or $4.1 billion more than the President's January estimate. But Washington officials have conceded that 1959 spending might run as high as $80 billion. If it does, unless the economy perks up sharply during the twelve months ahead, the 1959 deficit could reach $13 billion or more...
...stations. Most impressive KQED films: Sing Hi, Sing Lo, a history of the U.S. told through folklore and folk song; a series on Japanese brush painting taught by Artist Takahike Mikami: Fallout and Disarmament, an hour-long debate between Scientists Linus Pauling and Edward Teller. KQED's final deficit ($90,000) is made up by a membership drive selling subscriptions from $10 and up that entitle the subscriber to nothing but a sense of community service...