Word: deficit
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Dates: during 1970-1979
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...campaign left her exhausted. At a victory party, she clutched a ginger ale and complained: "I've got a stomach- ache." She faces some daunting problems: the need for cuts to make up a projected deficit of $117 million and balance the budget, as required by law. But her four-year term will begin with a honeymoon -literally. In January, she will marry Investment Banker Richard Blum, who has been her unofficial political adviser for the past year...
While OPEC becomes richer, the rest of the world will grow poorer. For example, suppose oil hits $30 before the end of next year. Instead of a projected balance of payments surplus in 1980, the U.S. could wind up with a deficit of $15 billion, further weakening the dollar.* Overall, the combined balance of payments deficit for all industrial nations would climb from this year's $16 billion to perhaps as much as $40 billion in 1980. Developing nations would be hurt worst, since many of them have no exports of real value to count on at all. Their...
What mainly had changed was that Hannon and his aides had just been accused of multimillion-dollar mismanagement. By Byrne's estimate, Hannon's administration had allowed the school's red ink to soar to $500 million, while claiming the deficit stood no higher than $43 million. "They sat there and lied to me," said Byrne, recalling a recent upbeat discussion of school finances with Hannon and his aides. "I don't think anybody with half a brain can mistake the difference between $43 million and $500 million." That was a puzzling claim, since Byrne herself...
...just why, and how much, Chicago's schools had gone into the hole, by week's end nobody could tell. Current deficit estimates still began at Joe Hannon's original $43 million. But tallies of total indebtedness to bondholders and others ran as high as $700 million. There was plenty of blame for everyone, though. Hannon; the mayor, who should have seen the problem coming; and the school board's finance committee, which did not even meet between January 1978 and March 1979, owing to "personality conflict," as one member recalls. Why did the board fail...
After shooting 63 per cent from the floor in the first half of its last game against Texas, Harvard hit a dismal 35 per cent of its shots in the first half yesterday, the primary reason for the 12-point halftime deficit...