Word: first-half
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...billion last year-nearly three times greater than the 1970 deficit and far more than anyone had anticipated. The payments gap in the fourth quarter alone was $6.7 billion on an official settlement basis. That was below the $12 billion imbalance in the previous three months but higher than first-half averages...
Harvard took the kickoff at its own 37-yard line and put together its only sustained scoring drive. The Crimson looked sharp, as Gatto and Leone ran off-tackle and around the ends in the 63-yard, 15-play drive. foster threw one of his two first-half completions to end Denis Sullivan in the endzone to put the Crimson on top to stay, 10-7, with seconds left in the half...
...gold reserves have dwindled steadily as a result of the nation's balance of payments deficits in seven out of the last ten years. When Nixon got a look at the figures for the first six months of this year, he knew that drastic action was necessary. Last week the Department of Commerce released those figures: the U.S. ran a record first-half deficit of $11.6 billion. At that rate, the deficit would be $23 billion by year...
...insurance premiums. The lucky recipients are policyholders of State Farm Mutual, the nation's largest auto insurer, which revealed this week a $112.2 million underwriting profit for the first six months of 1971, compared with an $18.4 million loss in the same period last year. The company's overall earnings after taxes have shot up to $108 million -an astonishing 500% improvement on last year's first-half figures...
...week. Executives who only the day before the vote had been making apocalyptic warnings of a Lockheed failure were now predicting that the firm might not need all of the $250 million that Congress had underwritten. Just two days after the vote, Lockheed released surprisingly healthy first-half earnings figures: $11.3 million after taxes, up $3.8 million from last year...