Word: deficits
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...half of the year, increased federal spending sent the Government heavily into the market as well, forcing the Federal Reserve to stoke the money supply by 7% and bank credit by an even more inflationary 12% to make sure that the U.S. Treasury could borrow enough to cover its deficit. The appetite for cash lifted interest rates to psychedelic highs. Some new issues of corporate bonds brought nearly 7%, a 100-year peak...
...Board of Trade reported that Britain's November trade deficit was the worst in history: $530 million. The bad news dropped the minipound last week to the lowest level of its short life- $2.4005- and sparked a fresh round of gold buying on the London market and new speculation against ster ling. It was small satisfaction that the French, who have done their share of speculating against the pound in Brit ain's recent troubles, suddenly found themselves tarred by the same brush: ru mors of a devaluation of the franc plummeted France's coin...
Hurlburt attributed the increase--the first since he began streamlining the kitchens in 1959--to general inflation in the economy and to the prospects of a further deficit when the new Mather House is completed...
Signal Failures. The lightning rod for most criticism is, of course, the President. Johnson, complains one sub-cabinet member, has a singular ability to "catalyze disenchantment"-not to mention disbelief. Few Congressmen-and fewer newsmen-take the President of the U.S. completely at his word. When he forecast a deficit of only $8 billion for the current fiscal year, few believed that it would be so small. Now that he is predicting a deficit of up to $35 billion, hoping thereby to prod Congress into enacting his 10% tax surcharge, few believe that it will be so large...
Dartmouth, Dix says, has "considerable private endowments" in the computer area. Harvard, to undertake the kind of expanded computer activity recommended by Mosteller and his colleagues, will have to eke out funds from the Faculty, which this year ran an unusual financial deficit...