Word: outlay
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...result, though even a temporary alleviation of unemployment in the depressed areas is desirable, the proposed $600 million outlay can scarcely be expected to act as an effective stimulus to the total national economy. At the same time, if it passes Congress, the new program will add to the growing likelihood of yet another federal budget deficit in fiscal 1963-a circumstance unlikely to enhance confidence in the U.S. economy either at home or abroad...
...with the boom Korean war year of 1950 seriously distorts the profits picture. In fact, corporate profits averaged only 6.4% of the G.N.P. between 1945 and 1949 and since the end of the Korean War they have been averaging just under 5%. Moreover, industry's allotments for capital outlay are determined not just by profit margins but also by consumer spending patterns and by the amount of existing manufacturing capacity (most industries currently have more than they can use). Though profits after taxes are expected to soar from last year's $23 billion to about $27 billion this...
...Nobel laureate scored the Administration's nascent shelter program a "senseless" and asked that the proposed outlay for construction be used instead to create "an International Institute for the Study of Peace, where we can get together in a neutral atmosphere with friends and adversaries to discuss problems, where minds can meet. War, being a political instrument of equalization cannot be abolished; it can only be replaced by something better and more intelligent...
...million tons. Builders started 1,325,000 houses, compared with 1,500,000 in 1959. Though profits came back at an uncommonly fast pace, they still missed 1959's record of $23.8 billion after taxes. Casting a cloud over the future, U.S. industry's estimated capital outlay for 1961 ran 3% below 1960's $35.7 billion, and at year's end orders for new machinery and equipment were still lagging behind their performance in previous postwar recoveries...
...discourage "hot money" from flowing abroad and increasing the U.S. balance-of-payments deficit. As a result, the traditional push to get back to pre-recession interest rates has less steam than usual. At the same time, U.S. businessmen already have enough excess capacity so that their estimated outlay on new plant and equipment for this year dropped last week to $34.5 billion. 3% below 1960. This means that industry has no need to borrow heavily. Still another potential squeeze on the money supply-heavy federal borrowing-will be averted if the Kennedy Administration holds to its repeated pledges...