Word: surpluses
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...Faculty spent $167,000 less than it took in for the 1979-80 academic year, registering its fourth consecutive surplus despite steady inflation...
DIED. James B. Longley, 56, maverick insurance millionaire who, in 1974, was elected Governor of Maine as an independent; of cancer; in Lewiston. Longley vowed to hold down state spending and not to seek a second term. He kept both promises, halving unemployment, funneling a $40 million state surplus into tax rebates and stepping down last year...
President Carter will send to Congress this week his midyear economic review, and the reading will be glum. As late as March, the Administration was gamely forecasting a 1980 budget deficit of no more than $36 billion to $38 billion and a 1981 surplus of $16.5 billion. But with unemployment soaring and tax receipts slumping, those optimistic targets now lie hopelessly beyond reach. As a result, the 1980 deficit is currently projected to be $60 billion, followed by at least another $27 billion in red ink next year...
...growth of white-collar jobs. During the past five years, the U.S. work force has risen dramatically to 106 million, vs. 95 million in 1975. Since much of the growth has taken place in the service and financial sectors, the demand for office space has outstripped the surplus supply created by the last big building bonanza...
Customers can also cut costs by selling wind-generated energy to their local utility companies. A little-known two-year-old federal law now requires utilities to reimburse customers for any surplus electricity that the windmills feed back into the system. Such surplus power could occur, for example, during periods when winds are strong but household electrical consumption is low. Retired Farmer John F. Wolfe, 62, installed an Enertech 1500 at his oceanfront house in Barnstable, Mass., to harness Cape Cod breezes. When he and his wife are asleep, the windmill keeps churning. Since the local utility company...