Word: deficits
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...their budget-cutting efforts may be in vain if the economy goes into a recession next year, as many private economists (though not the Administration's) are now predicting. As a rule, a rise of one percentage point in the jobless rate adds about $15 billion to the federal deficit because of increased welfare and unemployment payments and reduced tax revenues. But many groups believe federal spending reduction represents a much more immediate financial threat than recession, and they are already beginning to register protests. A group of black leaders sent an urgent message of "concern" to the White House...
Meanwhile, the losses continue to pile up. As steel prices plummeted by about 50% between 1974 and 1977, Europe lost $30 or so on every ton sold. The overall deficit last year was about $3 billion, with the nationalized British Steel Corp. accounting for $1.6 billion of the total. The French industry, saddled with a $10 billion debt?Europe's highest?was in effect taken over reluctantly last September by the government. West Germany, Europe's biggest steel producer, has lost the least (about $625 million), perhaps because in the past three years it laid off the most workers...
...Kaplan had the honor of scoring the decisive 14th match point. He rebounded from a 3-1 deficit to skewer his epee opponent, 5-4, seconds before foilman Dave Hanower concluded his bout victoriously...
Instead of collapsing in the third period as it had against Dartmouth, Bill Cleary's team rallied back from a 4-2 deficit to send the game into the extra stanza...
...took another three-goal deficit in the second period to force the Crimson into its first and only crack at dominance in the contest. Harvard's all-around tentative play early in the period set up some strong Dartmouth pressure and the Green's fourth goal at 9:21 of the second...