Word: deficits
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Dates: during 1980-1989
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...quite time to celebrate. For the first time all season, Harvard was faced with a five-on-three deficit late in the second period. But with two of the Crimson's best skaters--Christine Burns and Joslin--occupying the Harvard penalty box, the squad was able to preserve Jennifer White's shutout...
According to Simon, those steps includereducing outlays in the federal budget by $20billion, centralizing American trade policy inhopes of reducing the trade deficit by one-third,and creating at least one-and-a-half million newjobs...
...Wildcats (now 0-4) had worked their way back from a 70-54 deficit with less than five minutes to play to pull within a point. But with a chance to tie the game, UNH forward Dave Marshall missed a free throw and the 'Cats were forced to foul Gielen...
...party's over in the world economy." Italy may export truffles to France, but these days it also imports its eggs, milk and even its breadsticks. Worse, the cheap dollar means that Italian shoe and clothing exports are not selling very well in the U.S. Moreover, Italy's trade deficit this year, at more than $6.6 billion, is already twice the 1986 level...
...this year, for bringing inflation down much too fast. Under Volcker, writes Greider, the "Federal Reserve was determined to drive the rate of inflation lower and lower, regardless of other consequences." The consequences, in Greider's opinion, were an unnecessarily severe recession in the early 1980s, a huge trade deficit and the debt burdens that still plague the economy...