Word: bargainers
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...Harvard, economists from East and West have been concocting a so- called Grand Bargain between the Western nations, led by the U.S., and the Soviet Union. The details are still secret, but the basic idea is simple: Western aid to the prostrate Soviet economy in exchange for a commitment to radical political and economic change. The numbers being bandied about are $20 billion or $30 billion a year, three or four billion of that from the U.S., for five years. "The strategy," write Graham Allison and Robert Blackwill of Harvard's John F. Kennedy School of Government in the current...
Maybe the U.S., like the Soviet Union, needs a little push to do the right thing. But who will offer America a Grand Bargain? The candidate is obvious: Japan. As a matter of fact, the Japanese are already subsidizing the American economy to the tune of many billions of dollars a year. One measure is the U.S. current-account deficit with Japan: $32.3 billion in 1990. That means, in essence, that the Japanese sold $32 billion more of goods and services to Americans than Americans sold to the Japanese. The excess represents a loan to the American economy, which takes...
American representatives deny they will use the catastrophe to drive a tougher bargain. But U.S. Defense Secretary Richard Cheney has questioned "the cost of our obligations to the Philippines should we continue to use these facilities." That could bode ill for Manila, which had hoped for hundreds of millions of dollars in assistance in return for renewal of U.S. base rights...
Bilbeisi's smuggling scheme, undetected by U.S. authorities, began with bribes to coffee growers in Guatemala, Honduras and El Salvador to obtain beans not subject to tariff agreements. The coffee, available at bargain rates, was ostensibly for domestic consumption or export to nontariff nations. To move the contraband through Central America, Bilbeisi's agents, financed by B.C.C.I. letters of credit, paid bribes to truckers, checkpoint officials and port officials. The coffee was marked for delivery to Jordan or Syria but was routed through Miami or New Orleans, where it was secretly off-loaded. Former U.S. shipping agents who testified before...
...contains the new stock. How many shares the stockholder is given for that money depends on how many investors participate. (At least 60% must take part for the deal to go forward.) If only the minimum number participate, each $105 would buy the stockholder 1 2/3 shares at a bargain price of $63 a share. At the other extreme, if 100% take part, as happened in the AT&T offering of 1971, the $105 investment would buy exactly one share...