Word: surplus
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...They are foreign policy writ large." No longer content with surplus materiel from the arsenals of the superpowers, smaller nations are demanding state-of-the-art equipment in everything from fighters to frigates. Even as they deplore the buildup and fear its consequences, the major arms sellers echo the old dirge of 19th century slave traders: "If we don't sell, someone else will." The only effective restraint on the seller, it seems, is the difficulty in beating competitors to the most lucrative contracts...
...seeds of the first revolution-high-yield, fertilizer-hungry super-grains-were sown all over the world in the 1960s. Bread-bare countries like Mexico and Iran were soon exporting wheat, the Philippines became self-sufficient in rice, even Pakistan had a harvest surplus. But soaring oil prices pushed the cost of essential petrochemical fertilizers out of reach of all but the wealthiest countries. Today nearly every country "revolutionized" by the Green Revolution is importing food from the world's half-dozen grain exporters, most notably...
...expected to import a record 40 million tons of grain. Some Western experts believe that Soviet ports will have trouble handling such heavy traffic. Much of the grain will come from the U.S., where a bounteous harvest has depressed crop prices and made farmers anxious to sell their surplus abroad. A delegation from the U.S. Agriculture Department travels to Moscov this week with an offer to sell the Soviets 10 million more tons of grain. The U.S has already sold 8.8 million tons of grain since the Carter Administration's partial embargo was lifted in April...
...Faculty had expected a budget deficit of about $750,000; instead, it realized a surplus of $50,000 for the 1980-81 school year. This year's finish in the black--the fifth in a row--actually means that the Faculty broke even on its $60 million budget, Thomas O'Brien, the University's financial vice president, said this week. The surprisingly good performance resulted in part from conservation efforts lowering oil and electricity costs below expected levels. The $67 million budget for 1981-82 projects a $300,000 deficit and assumes a 20 per-cent reduction in energy consumption...
Even states that boast bulging coffers seem reluctant to lay out more money for social services: though Texas will end this fiscal year with an estimated $300 million surplus, the state's department of human resources plans to meet an estimated $31 million cut in federal funds by slashing family-planning programs, emergency care for battered wives and protective services for abused children...