Word: deficits
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Dates: during 1970-1979
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...elections, Ohira saw a chance to buttress his own power with a big victory for the conservative Liberal Democratic Party (LDP), which in recent years has lost the Diet majority it had maintained through the last three decades. Ohira stumped for a tax hike to combat a growing Japanese deficit. Polls showed the LDP leading by a comfortable margin...
Ohira's shaky political mandate also dooms his proposal for a tax hike to correct Japan's mounting deficit. The deficit, combined with a high inflation rate and a sharp drop in the yen, may have grave consequences for an already strained U.S.-Japan economic relationship. Japan has already begun to stopper its yen drain. These economic pressures will certainly curb Japanese willingness to liberalize import restrictions at a time when John Connally is bellowing about letting the Japanese sit in their Toyotas on the docks of Yokohoma. The only possible Japanese concession to American opposition prevails and cuts...
Four panelists concerned with the Massachusetts Bay Transit Authority (MBTA) discussed methods of dealing with the MBTA's rising operating costs and increasing deficit last night at the Kennedy School of Government Forum...
...that Harvard (now 1-2 in ECAC play) didn't make it a contest--in fact, the Crimson battled back from a 2-0 deficit to knot the score, 2-2, at one point. But the favored Friars kept a territorial advantage throughout and broke the game wide open with three rapid-fire man-up goals in the second period...
...meeting ended, the Vatican issued a public financial communique, its first ever, revealing a 1979 budget deficit of around $20 million. The gap has been met by "Peter's pence," the aid offering from churches around the world, and other gifts. But the 1980 deficit will be worse and, the statement added, "within a few years the Holy See will find itself hard-pressed." Said one Cardinal, "The Vatican is certainly not Fort Knox." The meeting urged austerity at all levels. The balance sheet apparently did not cover the international mission office or the Vatican bank, and may exclude...