Word: surpluses
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McPherson's remarks did not appease some Administration critics, who believe that even the increased U.S. aid package is too small for a country with large stores of surplus grain. Said House Speaker Tip O'Neill: "Something is very, very wrong. We turn on the news and we see African children starving to death, and we get no explanation whatever of why we Americans are allowing this to happen...
...prospectus also showed that the University as a whole ran a $300,000 surplus on a budget of $586.9 million. The endowment was shored up by $62.4 million worth of gifts raised generally by the $350 million Harvard Campaign, which remains about $20 million short of its goal with less than two months to go. Total University investment, counting special holdings not included in the endowment, rose to $2.66 billion...
Boston University, confronted with a 13% surplus of 496 new students, put up most of the spillover for two weeks at the Sheraton Boston. Eventually more conventional quarters were scrounged up, and B.U. swallowed a $200,000 tab. The University of California, Santa Cruz, counted some 200 freshmen above the normal entering class of 1,340. The school handled the crush in part with a freshly bulldozed trailer park, where some 30 students are currently making do with their mobile digs. The rest were shoehorned in everywhere from the gym, where ten to 20 students checked in every night...
...Automobile production has been one of the economic bright spots in a country with 11¼% unemployment and a currency that has lost 13% of its U.S. dollar value since 1980. A strike that lasts 2½ months could cost Canada $1.5 billion and wipe out its current trade surplus...
Despite slower production, there is now a two-year surplus of Scotch. Reason: the whiskies that are currently coming of age were produced at least six years ago, when experts were predicting stronger sales. Says Jeffrey Wormstone, spokesman for the Scotch Whisky Association: "To allow the spirits to mature, we have to make whisky so far ahead that now we are stuck with it." The surplus is not likely to be consumed soon. In the U.S., the biggest single Scotch market, the beverage is suffering from an old-fogy image. Many younger drinkers prefer lighter, whiter spirits like vodka...