Word: surpluses
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...notorious as money "launderers" Local cocaine traders are sometimes brazen, sauntering into Miami banks carrying suitcases or cardboard boxed overflowing currency. Indeed, the city's banks have been embarrassingly awash in cash, much of it cocaine profits. In late 1981, the local Federal Reserve branch had a $5 billion surplus of currency, more excess cash than was in the dozen other Fed branches combined. Suddenly, in early 1982, the cash surplus started to fall, just as smugglers began transferring their operations out of South Florida...
...about $100 million in cash, $40 million worth of aircraft, boats and cars, and $20 million in real estate. Local police also seem to get a special kick from seeing cocaine merchants stripped of their fancy possessions. Fort Lauderdale, Fla., police department ended last year with a $2.5 million surplus thanks to its expropriated share of local dealers' loot. Some cocaine tycoons are prosperous enough to shrug off the loss of a swank beach house or a DC-3 (fitted out with extra fuel tanks for long intercontinental coke flights) as business overhead. Still, says DEA Agent William Schnepper...
...years. The German rate snailed at 2 percent for a similar period, partly because of conservative fiscal policies. A high French inflation rate (9.5 percent) and staggering external trade balance ($13 billion) have slowed the French economy while the German trade balance sprinted ahead, reporting a $3 billion surplus...
...American farmers, more has become less. Record harvests of corn and wheat in 1981 and 1982 have created a glut of grain. The unsold carryover of last year's corn surplus alone is an estimated 3.4 billion bu. Even as supply ballooned, however, markets shrank. In 1982, a strong dollar and world recession caused a major decline in farm exports for the first time in 13 years. Farm debt has burgeoned, from $140.8 billion in 1979 to about $215 billion at the start of 1983, while net income fell from $32.4 billion in 1979 to $19.5 billion...
...business loans, $200 million for rural water and sewer grants, and $100 million for summer jobs for youths. Also included in the final bill was about $375 million in humanitarian aid, including $100 million for a food program for poor women and children, $75 million for the distribution of surplus food and $200 million for healthcare services...