Word: redness
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Dates: during 1950-1959
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...balanced 1960 budget seemed a hopeless undertaking. Over the prosperous Eisenhower years, the Administration had achieved a budget surplus only twice, in fiscal 1956 and 1957 (see chart), despite all the balanced-budget promises of the 1952 campaign. With the 1959 budget a gaudy $12.5 billion in the red, and the economy still convalescing from the recession, sober heads in the Administration argued for aiming toward a practical goal, e.g., holding the 1960 deficit down to a few billion...
...running into the red in its international transactions, with the result that U.S. gold reserves are shrinking as gold flows overseas to balance the nation's accounts. If the gold outflow continues for even a few years, it could endanger the value of the dollar, with shaking results for the entire world...
...1950s, Western Europe and Japan, their economies rebuilt with U.S. help, were briskly competing with the U.S. in foreign markets, even in the U.S. home market. By last year the U.S.'s international transactions were drastically out of balance: the U.S. ran $3.4 billion in the red in its overall international payments. Gold flowed overseas so briskly that the U.S. gold reserve shrank by $2.3 billion, a thumping...
...DELHI, India, Nov. 16--Prime Minister Nehru turned down today the proposal by Premier Chou En-lai of Red China for an early Himalayan summit meeting to settle their border dispute. Nehru also rejected as impractical Chou's suggestion that both sides withdraw their border forces at once for a distance of 12 1/2 miles from their present position...
...Maxim's in Paris. In this, her fourth appearance, Eloise dons raccoon coat and diplomatic pout to travel to Moscow, where Mommy has some vague connections with Americanski Embassyski. And here is the thing of it, as she would say: never before have those Red squares been exposed to anyone as hip as Eloise...