Word: deficit
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Dates: during 1940-1949
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President Truman took a long, not so happy look at the budget last week, and reported that the deficit would be a huge $5.5 billion, instead of the mere $873 million he had predicted in January. It was the second biggest in U.S. peacetime history (the biggest: 1940-41's $6 billion...
...today's average U.S. colleges or university, but is still not exempt from financial worries. The 1948-1949 Financial Report revealed an excess of almost $500,000 of income over expenses, but this surplus was gained only by eating into reserve funds to pay off the debts of such deficit departments as the Athletic Association, the library, and five graduate schools. Moreover, there is no assurance that there will be any overall surplus next year...
Radcliffe Ran Deficit...
Radcliffe was harder hit by economic conditions last years than was Harvard. Through 1947-1948 there was a small string of surplus years, but higher costs in all departments last year brought about a (relatively small) deficit of about $10,000. Radcliffe has recently been experiencing a slight increase in gifts and investment income, but this increase has been quickly wiped out by the spiraling costs. As a results, Annex students pay higher tuition, room, and board rates despite the savings of the dormitory work plan and the conversion of many single rooms to doubles...
...Health Deficit...