Word: surpluses
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When the governor first took office in 1975, unemployment in the state was at 12 percent, the second highest in the nation, and the deficit was a record $500 million. State figures showed that unemployment was down to 3.8 percent last year and a $200 million surplus had replaced the deficit...
Singapore, which has been a leading oil refiner and supplier of drilling equipment, is still coming back from an economic slump that was exacerbated by last year's drop in petroleum prices. Nonetheless, the tiny island country did well enough to run up a $1 billion surplus with the U.S. in the first six months of the year. Singapore is strong in electronics and is trying to establish a biotechnology industry. It also aims to be a service center for Asia, specializing in banking, insurance and communications...
...commercial bank loans, a stunning action that sent shock waves through the international banking community. The financial crisis has forced Brazil to curb imports and go all out on the export front. So far, the results have been unexpectedly impressive. In July alone Brazil achieved a record monthly trade surplus of $1.4 billion. The Brazilians still rely on sales of such basic goods as orange juice and coffee, but the country has also become a prominent exporter of manufactured items, including steel and small aircraft...
...best. Nine- tenths of the regular players remained on strike for a principle -- free agency, or possibly a larger dignity -- while the richest few soldiered on in ! the interest of their annuities. Playing rough this time, the owners filled out their rosters with the ready surplus of football majors still nursing old college dreams on loading docks and in convenience stores. (How many of them there are standing by!) Included were a prisoner or two, along with a couple of prison guards for competitive balance, but only one man under indictment for murder...
...comfortable 2%-to-4% range, stock markets are strong, and corporate profits are robust. Most impressive, West European exports have surged by 33% in the past three years, from $689 billion in 1983 to $916.4 billion in 1986. With the U.S. alone, Western Europe enjoyed a trade surplus of $18.2 billion last year, a sharp contrast to the $2.9 billion deficit...