Word: inks
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...famous passage, Leonardo da Vinci advised the painter to take inspiration from random pattern, like the mottled stains on an old wall; Guercino seems to have believed this too. One of the drawings in the show, Three Bathers Surprised by a Monster, starts with some random splatters of ink on the blank page; briskly and humorously, with a few minimal strokes, one of these blot clusters is converted into the animal face of a creature with haglike breasts that surges out of a pool to frighten the bathing nymphs...
...players dismiss the cries of poverty as a bargaining ploy. In many cases, they charge, the red ink is a figment of creative accounting. A study by baseball accounting expert Roger Noll, professor of economics at Stanford University, found that the Pirates earned a profit of $4 million in 1990 but turned it into an $8 million loss by taking one-time write-offs, such as the expenses to pay released players. Players also point out that salary increases are slowing. Average pay is up 25% this year, vs. 45% in 1991. Next year salaries are projected to inch...
...maneuvering was an introduction to the three-way politics likely to dominate the presidential race. Bush seized on the nostrum to divert attention from the $1 trillion in red ink added to the deficit during his presidency. Presumptive Democratic nominee Bill Clinton opposed it. But the pivotal factor may have been independent Ross Perot, who attacked the balanced-budget amendment as "an excuse not to do anything." (See related story on page...
...except for a brief uptick to 3% at the end of the Johnson Administration to help pay for the Vietnam War. In contrast, during the Reagan-Bush years, the deficit's share of gdp shot up to between 3% and 7%, meaning that government red ink was weighing far more heavily on the economy -- even on a rapidly expanding one -- than ever before in peacetime, sopping up credit that would otherwise have been available to the private sector and driving up interest rates. Even if this year's estimated deficit of $400 billion turns out to be a one-year...
...done about the deficit. Certain neo-Keynesian and supply-side economists have, willy- nilly, joined forces in an attempt to persuade Americans that the deficit doesn't matter all that much and may even be useful. Some of them think that a mere $200 billion in federal red ink has only a negligible negative effect on an expanding $4.9 trillion economy. Others argue that much of the deficit has positive, pump-priming effects and promotes growth and higher levels of employment. As Robert Eisner, an economist at Northwestern University, wrote in 1986, "The federal debt, however frequently viewed...