Word: outgoing
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Dates: during 1950-1959
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...remind Western Europe and Japan that the Marshall Plan days were long since over, Anderson last month took the dust-stirring step of announcing that henceforth dollars lent to underdeveloped countries by the U.S.'s own Development Loan Fund (outgo: about $550 million a year) must be spent in the U.S. Protests rang out that Anderson was dragging the U.S. backward with a protectionist "Buy American" program (TIME, Nov. 9). But Anderson's essential purpose was to force Western Europe and Japan into providing loans to finance their own exports to underdeveloped countries. He would be happy...
Canada is rolling through an era of high prosperity, with a standard of living second only to that of the U.S. But under this surface economic health, Canada has a growing ache in the economy. The pain: the nation's income, until lately greater than outgo, is now less...
Canada's estimated foreign 1959 income is $7.4 billion, outgo more than $8 billion (much of the difference is made up by unhealthy short-term "hot money," largely used to finance imports, and responsible for keeping the Canadian dollar at a high $1.05½ in U.S. currency). Both Prime Minister John Diefenbaker and Opposition Leader Lester Pearson, hopeful of more sales to Europe, urge Canada to take the lead in the promotion of a free-trade area among NATO nations...
...Accountant Stans, fighting hard to smother a grin: during the half-year since the President presented his budget to Congress, the economy's energetic climb has added $1.9 billion to the Administration's income estimate for fiscal 1960 (ending next June). But over the same span, the outgo estimate has also crept upward by $1.9 billion, reaching $78.9 billion. Biggest reason for the outgo increase: rising interest rates, upping the cost of carrying the national debt for the fiscal year from $8 billion to $9 billion. Net result of the higher income and outgo estimates: the budget still...
Green Light. One of Conant's most potent prescriptions was the "academic inventory." a yearly comparison between bright students' capacities and the elective courses they actually choose. Like a stockholder's report, it sums up a school's income and outgo. And it goes straight to the heart of the matter: guidance...