Word: surpluses
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While the political stakes of the devaluation are enormous for Zedillo, they loom large as well for Bill Clinton. Little more than a year ago, the Administration sold NAFTA to Congress by arguing, among other things, that locking in low tariffs would boost the American trade surplus by making U.S. products cheaper in Mexico. Thanks to the peso's plummet, American-made goods could now be as much as 50% more expensive for Mexican consumers. Products from herbal shampoos to frozen desserts sold south of the border will be hard hit. "The peso has been devalued," says Texas...
...example, this year's funding drive brought in $450,000, a decline of $70,000 from 1993. In Toledo, Ohio, the number of families asking for emergency food baskets increased 10%. Donations? Down by almost half. Food baskets that used to include whole turkeys now provide turkey parts and surplus government commodities. Much of the decline in giving is explained by tighter efficiency in the food industry, which provides a good part of the food-bank inventory. Imperfect goods -- underbaked cornflakes, dented cans -- that food processors once donated are now sold to new "secondary" retailers like Pick 'n' Save. Checkout...
...candidate must receive a certain quota of votes to win. After a winner is declared, his or her surplus votes are redistributed to the runners...
...past, the Undergraduate Council has given a portion of its surplus money at the end of the academic year to the house committees. But citing its own fiscal shortcomings, the council created a new bylaw last year that allows it to keep that money, according to council vice president Brandon C. Gregoire...
...take the money and run -- in the direction of greater efficiency and higher student achievement. Chan totally revamped spending. She put services like payroll and provisioning the cafeteria out for competitive bids; she reorganized special education. By year's end she had managed to run up a $1.2 million surplus, which she proceeded to plow back into the school. She added new computers, an after- school soccer program and, most important, more teachers, so that the number of students per teacher dropped from 33 to 27. To relieve overcrowding, the school broke ground this month for a new 14-classroom...