Word: deficits
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Dates: during 1960-1969
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...Alone. Frei's government has been trying its best to alleviate the suffering, but only at great cost to the economy. Deficit spending for drought relief has intensified Chile's inflation: the rate was 30% last year. Special government relief now goes to 60,000 people; in addition, some 60,000 are out of work, and that number may well double by next month. Foreign-exchange reserves are being whittled down by costly fuel-oil and coal imports that are necessary to make up for the loss of hydroelectric power...
Last week, just 100 days after the Memorial Center's dedication, Atlantans were shocked to hear that the ballet, opera and dramatic repertory were folding. Their parent, Atlanta Municipal Theater, had already run up a deficit of $300,000 and could continue no longer at the center. The reason was partly financial mismanagement and partly over-ambition. The Theater had kicked off its season with a superproduction of John Dryden and Henry Purcell's 17th century opera King Arthur, which simultaneously showed off the opera, ballet and dramatic companies. It cost $250,000, but it drew enough...
Tobacco Road. An end to the popular, if only moderately profitable service would be another setback for Eastern, which is the most sorely troubled major U.S. airline. It ran a deficit of about $10 million in 1968, and few airline analysts expect it to fare much better in 1969. The price of its stock has dropped 50% since...
...continuous publication, the Post came to an end. Readership had remained high in recent years, but costs rose higher and advertising revenues went down. Largely because of the Post's problems, the parent Curtis Publishing Co. had lost $62 million since 1961. The Post figured to cut its deficit from $5,000,000 last year to $3,000,000 in 1969, but hopes of regaining advertisers remained dim. The Curtis board of directors, bowing to the inevitable, gathered in New York City and decreed death for the magazine after its Feb. 8 issue...
...wonder that anyone would want to buy the "Mickey Mouse airline," which is what patrons of Air West call the Western states' regional carrier. Its turboprop planes are notorious for late arrivals and departures, and the company is losing cash nose over wingtip. It ran up a deficit of $3.6 million in the first nine months of 1968. For all that, Hermit Billionaire Howard Hughes eagerly snatched up Air West on New Year...