Word: deficits
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Dates: during 1950-1959
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...there was now the promise of an assured yield of 60 million bbl. of oil a year. (Controlled 1956 production by U.S. wells: 2.6 billion bbl.) Frenchmen sitting in Cafés du Commerce all over France, hoping that this wealth might cure France's chronic foreign-trade deficit and boost capital investment in North Africa, called it the "Miracle of the Sahara...
...Toll rates on the St. Lawrence Seaway and the allocation of revenues. ¶ Canada's lopsided trade deficit with the U.S., and ground rules for U.S. businesses operating in Canada...
...first clear confession was made by Vice Premier Li Hsien-nien, who reported that because of "a decline in revenue from the agricultural tax," Red China last year suffered its first budget deficit-about $750 million. Next came Vice Premier Po Ipo, with the bad news that the 1956 crop failure, not only the worst since the Reds took over but the "worst in decades" (TIME, May 13), had gummed up Mao's entire industrialization program...
...Santa Fe has shelled out for opera as though it were investing in big-league baseball. The opening week was a sellout, and Crosby is counting on 90% attendance for the rest of the season (which will leave the company with an easily manageable $5,000-to-$10,000 deficit). Direct contributions have poured in from service-station owners, haberdashers, statehouse employees and wealthy, retired businessmen. If some are not all-out lovers of opera, all have been touched on their civic pride, or calculate the potential profits to be had if Santa Fe becomes the Salzburg of the Southwest...
...defense, Secretary Humphrey points to some important achievements during his regime. The budgetary deficit was reduced, paving the way for a $7.5 billion tax cut and a balanced budget in 1956 and 1957. The Administration also claims an important victory by reducing its "floating" (i.e., callable on demand or payable within one year) debt by $25 billion since 1953, an action that helps insulate the Treasury against sudden runs on its cash supplies...