Word: surplus
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While the nation's legislators struggle with a budget deficit, Governor Michael S. Dukakis has discovered that a budget surplus carries its own difficulties...
...challenger was sharply critical of Dukakis' fiscal policies, even though Massachusetts now has a budget surplus. "Governor Dukakis knows how to spend money. The budget has exploded. It's gone up 10 percent [annually] despite only 3 percent inflation. If Dukakis was spending responsibly, the surplus would be much larger than...
...believe the state should run a surplus. The fact that the state is running a surplus despite Dukakis' spending shows the state is taking in too much money and it should be given back to the people...
...ship captains will need plenty of patience. Right now the world's fleet of tankers and other cargo vessels is 30% larger than necessary to do the amount of work available. The huge surplus of hulls for hire has put ship owners and builders into their most severe slump since the Great Depression. The battle for business has severely corroded cargo-hauling rates and the values of ships. It costs only about $7 today to move a ton of grain from New Orleans to Amsterdam, in contrast to $17 in 1981. Says Fernand Suykens, director general of the port...
...slackening since the mid-1970s, when oil prices went up and industrial countries began cutting back their imports. At the same time, shippers were taking delivery of huge fleets of carriers they had ordered when times were better. These modern craft, which feature highly automated loading gear, aggravate the surplus because they spend less time in port...