Word: inks
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Dates: during 1980-1989
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...Tippett, 51. "Second, we had to deliver new products. Now we have to expand in the marketplace." Detroit's smallest automaker has gained ground on all three fronts. For the fourth quarter of 1983, AMC reported a $7.4 million profit, its first after nearly four years of red ink. Losses for 1983 still added up to $146.7 million, but Tippett was nonetheless pleased. "It has been a long dry spell," said...
That possibility seems short-lived. The ink was barely dry on the court's decision when Democratic Congressman Peter Rodino of New Jersey introduced a bill to reverse it. In anticipation of the Bildisco ruling, Democratic Congressman Paul Simon of Illinois in early February submitted legislation to amend the National Labor Relations Act. "The court's decision was so total," said Captain Henry Duffy, president of the Air Line Pilots Association, "if this doesn't gear up organized labor for a massive blitz on Congress, nothing will...
...Gang of Three against deficits-Feldstein, Volcker and Stockman-argue that the red ink damages...
...size of the deficits is staggering. Rudolph Penner, director of the Congressional Budget Office, predicted that if policy is not changed, the flow of red ink will swell from $190 billion this year to $326 billion by 1989. Congressmen of both parties agreed that Reagan's election-year package, calling for modest spending cuts and small revenue increases achieved by closing tax loopholes, would hardly dent the deficit. Said Republican Senator John Heinz of Pennsylvania: "The President's budget is a retreat from last year's budget plan. There is not a lot of leadership." Grumbled Congressman...
What is so tragic about Means's campaign is that be sees no hope in anything but separation. The few services still offered by the government will be jeopardized when a tidal wave of $180 billion in red ink rolls into Congress is spring. And the current Administration seems to have no concern for protecting the landscape from developers. The end result of such a tragedy can only be polarization, annihilation, and despair...