Word: deficits
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Dates: during 1960-1969
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Monetary problems, notably the chronic U.S. balance of payments deficit and the international role of the dollar, will be one of the shared difficulties Nixon must discuss in each of the capitals he visits-London, Bonn, Rome, Paris. There are many others: the state of NATO, Soviet adventurism in Eastern Europe, the volatile Middle East, Britain's continued isolation from the Common Market, the proposed treaty banning the spread of nuclear weapons that some nonnuclear powers-notably West Germany-have feared might cut them off from peaceful applications of atomic technology. Also, Nixon wants to sound out the Atlantic...
...certainly, if belatedly, making the effort-and that effort is beginning to pinch the public. The 10% tax surcharge shows signs of reducing some consumer demands; retail sales have rolled along on a plateau since last fall. The federal budget is expected to shift from last year's deficit of $25 billion to a small surplus in fiscal 1969, resulting in far less Government-generated economic demand. Meanwhile, the Federal Reserve Board has moved to tighten the money supply. After growing at an annual rate of more than 7% in late 1968, the supply rose at a 3.7% rate...
...Hampshire, which played B.C. last night at Durham, N.H., has been alternately brilliant and mediocre in compiling its 17-3-1 record. It owns victories over B.U. (6-3) and St. Lawrence (5-4)--two teams that have vexed Harvard--and erased a three-goal deficit to tie Clarkson...
Springfield's strength in the lower weights proved the difference as the Chefs jumped to an early 14-10 lead. Despite a near Crimson sweep in the heavier classes, Harvard was never able to recover from this early deficit...
Harvard's famous sophomore line of DeMichele-Cavanagh-Owen accounted for three goals, however two goals within a minute of each other in the third period by juniors Ron Mark and George McManama were the ones which brought Harvard from a 3-2 deficit and eventually won the game...