Word: deficits
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Dates: during 1950-1959
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...there is also a wild card: the impending Sputnik impact on defense spending. Defense spending is heading upward -and upward, and the words "deficit financing" are showing up in private Washington talk and responsible editorials. With defense spending on the upswing, the breather, recession, cyclical adjustment, period of hesitation, or whatever, may prove to be only a lull between periods of rising prices, which may or may not be called inflation...
...Pennsylvania for permission to drop its Baltimore-New York City passenger service, once esteemed as the "prestige run." Simpson, himself one of the few top railroaders to rise through the passenger department, had good reason to request a cutback. Of the B. & O.'s $34 million passenger deficit last year, $5,000,000 came from the six daily Baltimore-New York round trips...
...York Philharmonic, whose far less serene opening had come two days late because of a musicians' strike for more pay, last week featured gifted young (27) Thomas Schippers conducting Cherubini and Prokofiev symphonies. The Kansas City Philharmonic, lucky to make its 25th season despite a big deficit, was out to win new fans by playing in movie houses, churches, synagogues and high-school auditoriums (one concert will be sponsored by the Katz Drug Co.; admittance: a cash-register receipt). Manhattan's Metropolitan Opera opens this week with Tchaikovsky's Eugene Onegin, while in Fergus Falls, Minn...
...frenzy of public denunciation of U.S. interference and pledges of confidence in Syria. As a result the bloc of "reasonable Arabs" - Lebanon, Jordan, Iraq and Saudi Arabia - which the U.S. hoped to solidify had fallen into suspicious disorder. Jordan's King Hussein, plagued by a $20 million deficit in his army budget and under fire for his close involvement with the U.S., nervously shot off last week to an oil pumping station on the Iraqi-Jordanian border to ask the aid of his royal cousin, King Feisal of Iraq. Arabia's King Saud, even as he conferred with...
...Oxenburg and Co. still produce works that are rarely if ever done by other companies in the U.S. or abroad-Gluck's Le Cadi Dupe, Purcell's Witch of Endor, Cherubini's Medea, Handel's Julius Caesar. Despite packed houses, the company's current deficit runs to about $35,000 a season-which in the opera business really adds up to a howling financial success. Contributions ("We never know where we're going to get the money") cover the losses...