Word: deficits
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Dates: during 1950-1959
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...would have a hard time stuffing it down the throats of the growing body of Indian xenophobes. At home, Mahalanobis wants to jack the tax level from 7% of national income to 10% (the U.S. tax level: 26%). Even with the higher taxes and $1 billion from outside, a deficit of $4.4 billion would remain. Mahalanobis suggested filling half the gap through funded debt, the other half simply by having the government print $2.2 billion in new money...
...individuals interested in Kamin's case, however, are confident that the deficit will be met by "members of the Harvard community and Boston citizens," Richard L. Solomon, associate professor of Social Psychology, said yesterday...
...almost impossible amount of $1,250,000 would be required in endowment contributions immediately in order to overcome the expected deficit in 1956, Keppel added...
...savings on output made at less than the costs of the base year figure (as measured by sales value) should go into a bonus pool. A fourth of the pool money was automatically set aside as a reserve fund to be paid out in the break-even or deficit months when no bonus was earned. The rest of the melon-made up of increased value through productivity savings-was split; labor got a whopping 75%, management 25%. The first month's bonus, paid in September 1954, amounted to $43,199, a 13.8% wage increase. In January...
...largely because of cost. One problem: most of the choir members-including lawyers, clerks, filling-station attendants-would have to get leaves from their jobs. But the current tour (estimated cost: $800,000) was finally made possible by benefit dances, banquets, concerts and outright solicitation. To cover any remaining deficit, the wealthy church will dig into its own treasury. And employers, whether Mormons or not, gladly gave their employees leave...