Word: ink
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...also has decided against any significant tax increase this year, and might pledge publicly to oppose any boosts. But he also might calculate that such a vow, while it obviously has political appeal, could backfire if it calls attention to his lack of alternative strategies for stemming the red ink...
...news will follow the State of the Union speech by only seven days. On Feb. 1, Reagan will send his budget to Congress. It will not only show a fiscal-1985 deficit barely below the record $ 195 billion in 1983, but estimate that the red ink will still be flowing at a rate of about $150 billion a year by the end of the decade. Council of Economic Advisers Chairman Martin Feldstein asserted last week that the Administration's rosy forecasts of economic growth would be "appropriate" only if the deficits are sharply reduced...
...Such red ink reflects the overcrowding and the slowdown in revenue growth that have been driving some major firms out of parts of the cable industry. CBS scuttled its CBS Cable cultural channel in September 1982 after just 13 months, and RCA and Rockefeller Center, Inc. folded their Entertainment Channel last year, nine months after it began...
Nobody ever wanted to be a writer more than John Steinbeck; as a student he would take to the woods with pen, ink bottle, and the ledger books borrowed from his father-treasurer of Monterey County-to scribble his first short stories. With a stubbornness that bordered on menace, the "red-faced, blue-eyed giant," as a contemporary described him, toughed out the lean years. He worked as a hand on sugar-beet ranches and wheeled 100-lb. barrows of concrete as a construction worker at Madison Square Garden during a stay in New York City. The publisher...
...company has set aside its longstanding practice of developing all of its own products and has begun turning to outsiders for help. Kodak last fall bought Bell & Howell's DataTape division, which makes digital recording equipment. Last year it also acquired a Mead Corp. unit that makes ink-jet printing equipment. Industry insiders say that Kodak's new video-camera recorder was developed jointly with Japan's Matsushita...