Word: surpluses
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...markets. In the 1960s American farm products were sold mainly to Britain and The Netherlands or given away to India, Egypt and other developing nations as foreign aid. Through the '50s, and well into the '60s, the U.S. simply did not know what to do with its surplus grain and stored it at a cost of billions. But in the past decade the surplus production began being exported to the Soviet Union, China and newly rich Japan. Americans take justified pride in high technology exports like computers or jet planes, but the largest U.S. sales abroad...
...University posted a $1 million operating surplus for the fiscal year 1978-1979, the fourth surplus...
...University financial performance last year followed the stable trend of the past several years. Thomas O'Brien, financial vice president, said yesterday. He added that the surplus represents only .3 per cent of the University's $343 million budget...
...Brien said this year's University budget will probably resemble last year's. "The weather right now is so good that if it keeps up like this, we'll be within the zero to $1 million surplus range this year," he added...
...outlook is clouded for OPEC itself, especially for the so-called dollar-surplus states of Saudi Arabia, Kuwait, the Emirates and Qatar, which together hold more than $90 billion in U.S. dollars and other U.S. financial assets that will continue to slip in value as the cartel's prices climb. These surplus states probably will not go along with any effort to dump the dollar as the currency of the world oil trade, a move that would undermine the value of the greenbacks they already hold. But Iran and Libya are urging OPEC to switch from dollars...