Word: deficits
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Dates: during 1970-1979
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...headed by Richard Rivers, Strauss's general counsel, visited Tokyo. The Americans demanded that Japan step up its domestic economic growth to 8% a year or so, as an alternative to reliance on exports, and that it set a specific date for converting its trade surplus to a deficit. Fukuda responded with the Cabinet shakeup; his new ministers are already at work hammering out a program that Ushiba will present to Carter aides in Washington sometime this month...
...dean, Rosovsky has managed to force the Faculty's budget back into shape--a talent that Yale, which ran a $6 million deficit last year, could...
Brewster's successor will inherit a salary of about $85,000, a stately mansion -and Yale's grave financial problems. Over a decade, the university's cumulative deficit has climbed to $16.6 million. Last year, Yale spent $209 million and ran $6.6 million in the red, the largest annual deficit in its history...
Yale officials justify the reduction in work hours by saying that in the dining halls, part-time workers are often more productive than full-time employees. But the real reason the university wants to keep open its option to hire part-timers is financial: following a $6 million budget deficit last year, administrators claim Yale must now hold the line on costs. And of course, hiring more full-time workers would simply cost more...
Union officials, however, charge that the university's financial position is not as bad as it has been made out to be. In a paper prepared for Local 35, Richard D. Wolff, associate professor of economics at the University of Massachuetts, states that last year's Yale deficit resulted largely from temporary expenses, such as increased fuel costs during last year's unusually cold winter. In addition, Wolff writes that the Yale Corporation created much of Yale's current financial problem itself last January, when it decided to freeze the amount of the school's endowment the administration can devote...