Word: deficits
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Dates: during 1960-1969
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...that the Egyptians need the earnings of the canal ($250 million a year) as much as other nations need the passageway. Egypt's economy is a shambles, and the war has gravely worsened it. The nation has a foreign debt of more than $1 billion, an annual trade deficit of $500 million, and more than half of its cotton crop-its principal export-is mortgaged to Communist-bloc nations to pay for past shipments of military hardware. Food is becoming increasingly scarce. The government long ago decreed three meatless days a week, has told Egyptians to eat macaroni instead...
Splashes of Red Ink. The warning splashes of red ink on university ledgers these days amply bear him out. This year, for the first time in 15 years, Harvard's Faculty of Arts and Sciences faces an operating deficit-of about $1,000,000. Rice, the best and richest private university in the Southwest, will have a deficit of more than $950,000 this year. Princeton President Robert Goheen worries about running into the red within three years; Stanford foresees a possible $2,000,000 shortage by 1969. Unless new sources of revenue are found, Yale will be faced...
...problems-we're fighting for our lives. Our faculty is too thin. We have insufficient housing for students, insufficient student aid, too small a graduate program." California's prestigious Mills College cut back its administrative staff this year. Cornell's president, James Perkins, held his 1967 deficit to about $500,000, mainly by denying $2,500,000 requested by his deans for projects they considered crucial...
Because Radcliffe has been operating a budget deficit of $100,000 each year, which has been made up by dipping into capital, Mrs. Bunting was reluctant to risk a still greater loss. She assured the girls that she and administrative officials were working on economy measures to allow more girls off-campus. "But we will not run a bigger deficit, raise room rates for everyone in the dorms, and lower the standards of dorm living to allow a few individuals to have apartments," she insisted...
...myself as an ogre. We all want the same things." The 23 girls, before they went on strike, argued that economics ought not to be Mrs. Bunting's first concern. "It's important enough for us to live in our own apartments for the college to run a deficit," their spokesman insisted...