Word: deficits
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Dates: during 1990-1999
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Rudenstine reminded listeners that in 1992 the University had a $42 million deficit and that in 1991 it wrote off $200 million in endowment losses. The average endowment return from 1998 through 1991 was a meager 6.6 percent, he added...
Last month, at the 15th Communist Party Congress, Jiang unveiled his boldest maneuver yet. The President proposed a radical privatization of many of the country's deficit-ridden state-owned enterprises, his first attempt at visionary change and one that runs a high risk of widespread social unrest. At the end of the Party Congress, Jiang announced the election of a new Politburo, China's top policymaking body, and that China's armed forces would be shrunk...
WASHINGTON: Almost completely obscured by Monday's market dive was a bit of good economic news: The federal deficit has shrunk to $22.6 billion, the lowest since 1974. While Wall Street screamed, President Clinton was before a benign crowd at the Democratic Leadership Council, proudly bearing the news that uncomfortable first-term taxes and a chest-beating economy had driven the number down to a fraction of what even administration officials had predicted...
...deficit-reduction plan of 1993 was supported only by Democrats, enacted in the face of the most withering partisan criticism and deep political risk that cost some members their positions in Congress," said Clinton, fighting a hoarse voice. "Well, it's time for the naysayers to admit they're wrong. It worked. And America is better...
...good things is that we did not roll over and quit after the seven-point deficit where earlier in the season we would have," Benson said...