Word: deficit
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Dates: during 1960-1969
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...often diverted to their own eminent careers. While some Columbia graduate schools have become untouchable fiefdorns, the high quality of some academic departments (sociology, government, philosophy) has declined. In average faculty salaries, Columbia now ranks a mere 25th among U.S. universities. Worst of all, Columbia expects an $11 million deficit next. year. The new president will have to raise that much just to break even, then raise more to pay for higher salaries and capital improvements...
...franc came under heavy selling pressure, but the more important world currencies fared reasonably well. As expected, speculators sold British pounds and bought undervalued German marks, but not in quantities great enough to produce any crisis-not even after Britain at midweek published figures showing that its chronic trade deficit widened to $89 million in July from $60 million in June...
...dollar's steadiness in money trading last week was a tribute to its role as the basic currency of the world monetary system rather than to the international strength of the U.S. economy. At week's end, the Treasury disclosed that the U.S. balance-of-payments deficit rose in the second quarter to $3.8 billion - more than double the dollar out flow of any previous quarter...
...These "turnaround" dollars count as a capital outflow when deposited in Europe, but do not count as an off setting inflow when re-loaned in the U.S. Government economists say this distortion may have accounted for $2 billion of the $5.5 billion first half pay ments deficit...
...more disruptions by radical students this fall. Its newly established student-faculty governing committee, set up to make the university administration more democratic, is still untested. Several of the professional schools have encroached upon the power of the presidency, and the university expects a crushing $11 million budget deficit next year...