Word: overspending
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...director of the National Garden Bureau, estimates that on an investment of $5 in seeds and another $25 in fertilizer, plants and tools, a 15- by 25-foot backyard plot can return a yield of vegetables worth $280 to $300 at present prices. But, he warns, "too many people overspend the first time"; fancy tools and equipment (such as a $200 compost maker) of course reduce the savings. And Fell's calculations do not include whatever value the home gardener might care to put on his or her unpaid labor...
...about its deficits because it has discovered that it can get away with a kind of "monetary imperialism." The position of the dollar as the standard of value against which all other currencies are measured enables the U.S. to escape the consequences that other countries suffer if they consistently overspend abroad. In any other country, a parade of deficits comparable to those the U.S. has run would force devaluation of the currency. Devaluation of the dollar, the currency that more than any other has been considered as good as gold, would bring such chaos that it has been considered unthinkable...
...stretch the supply of rice by eating it in the form of soupy gruel. A Calcutta schoolteacher who makes $55 gives his children two meals a day, but can afford to eat only once daily himself. Worse off still is the hapless Bombay textile mill worker, who must overspend by $6 monthly and make up his deficit by borrowing from money lenders...
...Francisco's Emporium, the Christmas push is on, and specialized holiday departments are already humming. Among all the Christmas catalogues descending on charge-account customers, Dallas' Neiman-Marcus last week mailed out a catalogue that, as usual, seeks to top 'em all on how to overspend. This year there is an Ampex console that contains a home TV camera, a color receiver, and a video tape recorder that stores TV films. Price...
Economists worry that businessmen tend to "bunch up" their investments, overspend for capital goods and inventories in good times. "The up-and-down cycle exists simply because businessmen do not believe it exists," says a top Washington economist. "They base capital-spending decisions on a straight-line projection. Because business has been good in recent months, they figure it will never slack...