Word: surpluses
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...city is under court order to remedy the situation, but New York prison authorities are forbidden by law to resort to a simple release of surplus prisoners to alleviate overcrowding. Instead, the city is scrambling to speed up inmate processing, so that accused criminals awaiting trial can be released on bail, while it is also spilling inmates into the overcrowded state system...
...Almost simultaneously, say some Congressmen and agribusiness executives, the Administration quietly shelved a Soviet request to buy U.S. soybean oil for the first time. The Soviets offered to purchase 200,000 tons, worth $120 million, using subsidies extended to other buyers of U.S. surplus soybean oil. Says one agribusiness executive: "What Gorbachev wants to do is fill up his stores and put something on the shelves fast. A housewife who can't find cooking oil is in a hell of a fix." This expert insists that the White House has nixed the sale, and adds, "Gorbachev is going to view...
...different sort. His inspirational certainty was oblivious to reality, allowing him to call for a balanced budget through eight consecutive years of failing to propose one. Her inspirational certainty is oblivious to popularity, allowing her to produce a government budget that's actually in large surplus. Fiscal policy is one area of governance where the wrong principles are often better than no principles at all. That is one good reason even a Reagan-Bush skeptic can admire...
...properties are hitting a real estate market that is generally far weaker than during the go-go days of the 1970s and early 1980s. The overbuilding of offices and condos has produced a huge surplus of such structures all across the Sunbelt, and some excess properties even in Northeast states like Massachusetts and Connecticut. "What you're dealing with is the aftermath of , a massive speculative excess. It tends to drive down the value of all real estate," says Austin-based banking analyst Alex Sheshunoff. To make matters worse, mortgage rates have risen a full percentage point in the past...
...Japanese inroads in aerospace would be a serious blow to U.S. industrial might. American manufacturers exported $26.9 billion worth of passenger planes and military aircraft and missiles in 1988, which gave the U.S. a $17.9 billion surplus in aerospace trade. These were precious exports, considering that the U.S. ran an overall trade deficit of $119.8 billion last year; the gap with Japan alone was $52.1 billion. U.S. trade woes were underscored last week when the Government reported that the deficit during February widened to $10.5 billion, up 21% from the previous month. The major cause: a fresh flood of imports...