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Word: deficits (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Usage:

...University, where he had earned a Ph.D. in economics. When Sawhill arrived, the nation's largest private university was in financial trouble. Sawhill has so far raised more than $50 million, slashed budgets, restructured the university's investments and managed to erase the projected $9 million budget deficit he inherited. He is now working to improve the quality of undergraduate education, and, as an example of how the university should concentrate its resources, is strengthening its research and teaching programs in cell biology. Sawhill also likes to pull on an old sweatshirt and jog around the N.Y.U. campus...

Author: /time Magazine | Title: Special Section: Back to School | 8/6/1979 | See Source »

...chosen to lead the institution during its days of austerity. A man who loves the Red Sox and Renaissance literature, Giamatti is a true blue (class of '60 and teacher since '66). The youngest president of Yale in 200 years, Giamatti faces the challenge of reducing a $19 million deficit without sacrificing the quality of education. So far, he has begun a complete review of operating costs and instituted stiff cutbacks in the nonacademic staff. "I hope to see a Yale College with fewer students, a curriculum with fewer courses and more structured breadth, and a college seminar system that...

Author: /time Magazine | Title: Special Section: 50 Faces for America's Future | 8/6/1979 | See Source »

...attention right outside Begin's hospital room. His illness was only a temporary shield from the political turmoil engendered by the harsh facts of Israel's runaway economic crisis: an 80% inflation that threatens to exceed 100% by the end of the year, a balance of payments deficit that is approaching $4 billion, a total foreign debt that has doubled in five years to $13 billion...

Author: /time Magazine | Title: MIDDLE EAST: Flags, Flare-Ups, Fiscal Troubles | 8/6/1979 | See Source »

...guzzler hurtling along the dangerous edge of a cliff, and in this difficult year the road is trickier than usual. Chrysler Corp., long plagued by uncompetitive products and a lack of cash, is expected to follow its first quarter $53.8 million loss with a second quarter deficit that could come close to $200 million. The company may end the year with a loss of more than $400 million, double last year's $204.6 million deficit. Chairman John Riccardo has made a dozen trips to Washington since mid-1978 to plead for tax breaks and relief from some federal environmental...

Author: /time Magazine | Title: Business: Chrysler Drives for a Tax Break | 7/16/1979 | See Source »

...some $65 billion in 1979-in effect, a direct levy of fully $747 per year on every American taxpayer. To keep consumer spending from going into a freefall, the Government may be forced to chop its own receipts instead. But doing so would widen the federal deficit and pump yet more inflation into the economy even as output is declining. Quite a bit of U.S. economic policy is being made as much in Riyadh and Tehran as in Washington...

Author: /time Magazine | Title: Nation: What It Will Cost the U.S. | 7/9/1979 | See Source »

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