Word: deficits
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...stock prices have meandered near the bottom of their winter trough, Wall Street has for weeks yearned for a reason to cheer. Without the war, most investors see a resumption of unstrained economic growth, with lower taxes and interest rates, less wage and price inflation, a smaller federal deficit and diminishing pressure from the balance of payments deficit...
Instead, in its search for ways to reduce the U.S. balance of payments deficit, the Administration since January has been pondering, among other things, a 2% border tax on imports. Border taxes, however, if applied broadly, would require a major overhaul of the U.S. tax system. Under GATT rules, before such levies can be made on imports, indirect taxes must first be collected on domestically manufactured products, though they can be rebated on exports. Another alternative is a 5% tariff surcharge, but the U.S. cannot lawfully impose one under GATT rules without a most unlikely special dispensation from its trading...
Brutal Diagnosis. The need is urgent because Israel's economy has been ailing for months. During its early years of headlong economic growth-at average rates of 9% a year-Israel's imports raced beyond its exports, resulting in a chronic balance of payments deficit. To right the balance, the country in 1965 resorted to a tough dose of economic mitun (restraint), which slowed inflation, though at the cost of a standstill economy and mounting unemployment (now 8%) in Israel's 927,000-man labor force. Mitun was a casualty of the Six-Day War, as Israel...
...same Celtic trio spurred the Boston comeback in the Detroit series when the squad bounced back from a 2-1 deficit to three straight wins...
That rate reflects Wall Street's disquiet over the huge federal budget deficit, which portends gigantic federal borrowing and still higher interest rates in the months just ahead. The 6.45% return applied to Federal National Mortgage Association "participation certificates"-shares in a pool of Government-owned mortgages and other loans. They were available to the public in minimum lots of $5,000. Though not a direct obligation of the U.S. Treasury, the participation certificates come close to that gilt-edged status because the Attorney General has ruled that they are backed by the full faith and credit...