Word: deficits
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Dates: during 1960-1969
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When Dean Ford released his annual Faculty budget report last month, the figures told a familiar story. Although the Faculty finished the 1968-69 year with a small over-all profit, Ford warned that a harder financial year was ahead, with a predicted deficit of nearly $1.9 million in the 1969-70 budget...
Last Fall, for example, Ford predicted a mammoth $2.4 million deficit...
...year, the loss had turned into a modest over-all surplus of $400,000. Every indication is that this year's predicted deficit will also be cut when the actual figures are totaled...
...argue that it is vital to keep this return high in an era when all divisions of the University are increasing their demands for funds. "If you take unrestricted money which is now earning interest and use it to meet operating expenses, you just increase the size of the deficit; it's a vicious circle." Wiggins says...
Operating subsidies are essentially designed to keep fares on U.S. liners competitive with Greek, Panamanian and other foreign-flag ships by offsetting the wage differential between U.S. and foreign seamen. The rationale has been that U.S. citizens sailing on American ships help narrow the balance of payments deficit by spending their ticket money with domestic instead of foreign companies. It is doubtful, however, that the balance of payments gains are worth spending so much taxpayers' money in the form of subsidies...