Word: surpluses
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...passes through South Florida. Drug smuggling could be the region's major industry, worth anywhere from $7 billion to $12 billion a year (vs. $12 billion for real estate and $9 billion for tourism, the area's two biggest legitimate businesses). Miami's Federal Reserve branch has a currency surplus of $5 billion, mostly in drug-generated $50 and $100 bills, or more than the nation's twelve Federal Reserve banks combined. Drug money has corrupted banking, real estate, law enforcement and even the fishing industry, whose practitioners are abandoning the pursuit of snapper and grouper for the transport...
...more difficult to send large sums anonymously from the U.S. to Colombia, yet the money still manages to get through. Every week a Colombian air force C-130 transport plane flies to Fort Lauderdale with wooden crates containing up to $10 million from Colombia's central bank. The surplus greenbacks are being legally returned by Bogota to the Federal Reserve System in exchange for credit...
...budget too often to abandon it. But the Treasury Secretary shrewdly argued that the President had only presented a balanced 1984 budget as a target, until pushed by reporters into viewing it as a promise. In fact, however, Reagan's first formal four-year economic program projected a surplus of $500 million...
...Ohio, voters chose to continue the state's monopoly on the sale of workers' compensation insurance, rejecting a $4.3 million promotional blitz by the insurance industry. In Texas a plan that would have set aside half of the state's surplus revenues for water projects was defeated 57.4% to 42.5%, despite the backing of powerful Texas politicians. Opponents, including the League of Women Voters, teachers' groups and environmentalists, charged that the measure amounted to a blank check and circumvented normal budgetary processes...
Gerald L. Stevens, vice president for finance and administration, attributed the surplus to sound management and to cut-backs in library spending, decreased numbers of junior faculty, and the demotion of sports such as volleyball and waterpolo from the varsity to the club status...