Word: deficits
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Dates: during 1960-1969
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...might have ripped the world's monetary system apart, and perhaps even caused a prosperity-wrecking slowdown in world trade (as happened after 1931). Moreover, only with limited repercussions could Britain gain the necessary time to repair its own floundering economy and increase exports to bring its trade deficit into balance...
...remarkable foreshadowing of THE Game, the Harvard freshmen rallied from a 24-14 deficit against their Yale counterparts Friday afternoon in New Haven only to bobble away a shot at victory in the closing seconds as the Elis eked out a 24-22 triumph...
Yale erased the 7-0 deficit when talented quarterback Kurt Schmoke threw a 55 yard TD pass to end Jim Shaw and pint-sized place-kicker Harry Klebanoff converted to tie the score...
Angry Sheiks. Last week's turmoil began with the disclosure of Britain's trade figures for October, which showed a gross deficit of nearly $300 million, the worst such monthly gap in the country's history. That in itself was certainly ominous enough, but the context in which the deficit emerged made the figures far worse...
...Minister Ramsey MacDonald's image in his party. The second was Attlee's in 1949, when none other than Harold Wilson, then head of the Board of Trade, took a major part in planning the devaluation. Properly done, a devaluation can turn a nation's trade deficit into a surplus practically overnight. It is not, however, a politician's panacea, since it means initially a sharp reduction in the standard of living of the devaluing nation's citizenry as manufacturers' profits decline and the cost of what a workingman buys goes...