Word: deficits
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Canada still looked alluring, and "immigrant capital" helped drive the Canadian dollar in August to an alltime high of $1.0611 in terms of the U.S. dollar (it eased to $1.0498 last week). With their premium dollar Canadians bought more goods abroad than ever before, thus aggravating their chronic trade deficit...
...British pound and the French franc, captured many overseas customers that other European nations would like to have. Great Britain is in the forefront in demanding German revaluation. Britain's gold and dollar reserves dropped $225 million in August. the biggest dip since the Suez crisis, and its deficit with the European payments union reached $178 million (compared with West Germany's fat surplus of $280 million). The rush to turn pounds into marks has been so great that Britain had to spend scarce dollars to support the pound to keep it from a bad slump. Some British...
...Swiss-style federal-council government must continue to pay 150, 000 government employees (in a population estimated at 3,000,000). carry on an elaborate pension plan, and absorb the losses of at least seven mismanaged nationalized businesses, e.g., liquor manufacturing, a repertory theater, railroads. The result is deficit spending on a grander scale each year-and consequent inflation...
...their economies have carried a heavy arms burden, while Germany for years had no army of its own, and now that it has one, has yet to meet its NATO pledges. In a less argumentative way, Erhard points to the fact that West Germany still runs a deficit ($600 million last year) in its trade with the U.S., and blandly suggests that he might be prepared to revalue the Deutsche Mark if the U.S. would take "moral leadership" by revaluing the dollar upward first-a highly unlikely happening...
...year just ended, payroll taxes fell short by $125 million of covering the benefits paid out to 10 million retired workers or dependents. The $600 million that the U.S. Treasury paid as interest on the $23 billion Social Security trust fund invested in federal bonds more than covered the deficit. But this fiscal year the deficit will eat up all the interest payment, and next year there will be a gap of around $1 billion between Social Security tax receipts and payments...