Word: deficits
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Dates: during 1970-1979
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...exciting new interest far outside Nevada these days; casinos are scheduled to open next year in Atlantic City, N.J., and there is talk of legalizing them in Florida and possibly New York. Starting a casino, however, hardly gives investors a license to coin money, as the owners of some deficit-ridden Nevada operations have discovered: gambling is a fast-paced, cash-heavy business that, like any other, must be tightly run to turn a profit. How tightly, TIME Correspondent John Quirt learned by studying Harrah's, one of the oldest (it celebrated its 40th birthday Oct. 30) and most...
Yale administrators claim that because of a $6 million deficit last year, the university cannot afford to pay more to its workers in benefits and wages. But that deficit, which came--surprisingly--after Yale's endowment rose nearly 10 per cent in fiscal 1976, was caused largely by temporary circumstances, such as a rise in fuel costs during last year's unusually cold winter. And although the university has fostered a sense of financial "crisis" by instituting a hiring freeze, much of that crisis was actually created by a corporate decision last month to limit the amount of endowment income...
...prohibitive 45% or more. On the less painful side, the government hopes its measures will stimulate local industry to manufacture previously imported goods, find new markets for exports and attract overseas investment. The Begin regime is also quietly counting on another blessing from a reduced balance of payments deficit: Israel could become less dependent...
...after a long illness; in Melbourne, Fla. Administrator of the University of Chicago's atom bomb project during World War II, Kimpton returned to head a campus stirred by the innovations of Robert M. Hutchins but also faced dropping enrollment, encroaching slums and a $1.4 million deficit. During his tenure Kimpton restored specialization and contributed to community redevelopment...
Obviously the modern stage director has problems Verdi never anticipated. Dexter must work under the burden of the Met's ever-increasing operating deficit. He cannot build three or four different realistic sets; even with plywood, the expense would run a production close to $1 million. He must economize, but still make opera look grand. He should also take no more than a few seconds changing scenes within acts, the restless bottoms of Met patrons being what they are. Voilà! the unit set, that occasional blessing and frequent curse of modern stagecraft...