Word: surplus
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...income under federal programs to support research and training increased by 8.0% to $105,962,000. Total expense incurred by the University were $446,319,000, increase of 13.4%. Total income used in operations also rose by 13.4% to $446,648,000. The unrestricted operating surplus of the University was $329,000, the sixth consecutive year that the consolidated results have shown a small positive balance...
...with growth of 3.3%. In 1982 the Japanese economy is expected to expand at about the same rate. Inflation, meanwhile is projected to stay at about the current 4%. Thanks to its heavy exports of autos, electronics and other high-technology gear, Japan last year piled up a trade surplus of about $23 billion, as compared with just $2 billion...
...White House in petitions and telegrams for a month, and last week Ronald Reagan agreed to do just that. In an Oval Office ceremony, during which he signed an $11 billion farm price-support bill, the President announced that the Government will give away 30 million lbs. of surplus cheese to states for distribution to the needy. Explained Reagan: "At a time when American families are under increasing financial pressure, their Government cannot sit by and watch millions of pounds of food turn to waste...
...people who receive food stamps would be illegal, since one section of the Food Stamp Act of 1977 put severe restrictions on gifts of commodities to them. But Congress in the new farm till specified that the food-stamp law should not interfere with the distribution of surplus commodities. In most states the cheese came too late for a Christmas present, although the first giveaways, in California, Nevada and Texas, were made last Wednesday. More cheese should be on the tables of the poor for New Year...
Other suggestions for disposing of the surplus range from dumping the cheese in the sea to staging bring-your-own-wine-and-crackers parties at warehouses. Reagan hinted last week that more might be given to the needy, and some of the cheese might be sold abroad, at a loss to the Government. The all-too-obvious solution, of course, would be to lower price-support levels until dairy farmers are no longer tempted to produce more cheese than they can sell commercially. But that would be a lot to ask of politicians. The new farm bill actually increases present...