Word: exceeding
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
While the problems in commercial banking are serious, the situation in the savings and loan industry is an outright disaster. At least 500 of the more than 3,000 S and Ls are insolvent: their liabilities exceed their assets. In 1987 alone, the Government closed 17 insolvent S and Ls and paid stronger institutions to take over 31 more. The total cost to FSLIC: nearly $4 billion. FSLIC (pronounced fizz-lick in the industry) would have shut down many more S and Ls, but the agency virtually ran out of money to pay depositors. In the meantime, the insolvent...
...assertions, sayingthat the increasing college costs reflect a needto keep faculty salaries competitive and higherprices for library and other materials. Theyargued that since the cost of the goods andservices colleges and universities purchase (theso-called "Higher Education Price Index") aregenerally higher than the nationwide CPI tuitionhikes are bound to exceed inflation...
...Alpha and five other platforms, thereby temporarily cutting British North Sea oil production by 12.9%. The losses in export earnings and tax revenues from Piper Alpha alone were expected to cost the British government at least $1.2 billion a year, while the losses to insurance companies were likely to exceed $1 billion. Occidental Chairman Armand Hammer promised a contribution of $1.7 million to a Piper Alpha disaster fund and an indemnity of some $170,000 to the family of each victim...
...time the problem is not too little money but too much. Thanks to a series of increases in payroll taxes that began in 1984, the retirement trust fund currently takes in $109 million more each day than it pays out in benefits. Federal officials expect the accumulated surplus to exceed $100 billion by December and, in the next 40 years, to mushroom to $12 trillion. Every penny will be needed to pay for the future retirement of today's 24- to 42-year-olds, the budget-busting baby boomers. But as the stockpile grows, so does the urge to raid...
Other experts worry about just the opposite possibility: that the Social Security program will push the overall budget substantially into surplus. If Government revenues far exceed spending, less money will be available for businesses and consumers. That could produce a drag on the economy or even a recession. Already, says Robert DiClemente, a senior economist at Salomon Brothers, "many people are now paying higher ((Social Security and Medicare)) payroll taxes than income taxes." The thing to do, argues Robert Myers, chief actuary of the Social Security Administration from 1947 to 1970, is to cut the payroll tax so that...