Word: inkly
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Then on Monday, Nicaraguan officials staged a curious show in Managua. Security Chief Lenin Cerna charged that Pfeifel, Greig and Rodriguez had been trying to assemble "a counterrevolutionary network to carry out attacks on our leaders." A Nicaraguan army lieutenant described how Greig and others, by providing invisible ink and a transmitter camouflaged in an ice chest, had tried to turn him into a traitor...
...only video-game company having troubles. Mattel's electronics division, whose Intellivision was the second bestselling game last year, lost $28.2 million in the three months ending Jan. 29, and expects to lose about the same amount during the next quarter. The company blames the red ink on heavy advertising expenses, price cutting and slower sales...
Reagan's attempt to shift the blame for the deficits to Congress was deeply resented by Democratic leaders on Capitol Hill. "President Reagan is trying to pass the buck on the worst record of Government red ink in American history," charged House Speaker Tip O'Neill. "It is Reagan's recession, the runaway Reagan military budget and the Reagan tax breaks forthe wealthy that are creating the Reagan red ink." House Majority Leader James Wright called Reagan "the biggest alibi artist ever to serve in the White House." Such barbs led Deputy White House Press Secretary Larry...
When the first signs of recovery began to break through the deep recession last winter, economists and politicians alike added apocalyptic warnings to their expressions of cautious optimism. Uncontrolled federal deficits, they declared, could drown the economy in red ink. Yet when Ronald Reagan, formerly the ardent apostle of balanced budgets, submitted a plan for fiscal 1984 with a shortfall that approached $200 billion, political paralysis seemed to set in. The enormity of the deficit monster eventually led to a feeling of futility. In addition, encouraging economic signs, such as a record bull run on Wall Street and continued moderation...
...campaign, Reagan charged in a television address: "Mr. Carter is acting as if he hadn't been in charge for the past 3½ years; as if someone else ran up nearly $200 billion in red ink; as if someone else was responsible for the largest deficit in American history; and as if someone else was predicting a budget deficit for this fiscal year of $30 billion or more." Those words will no doubt be thrown back at Reagan, with the added fire that his deficit in one year is about as high as Carter...