Word: baumohl
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...without any new developments. The Geneva talks are scheduled to end tomorrow, but could continue into next week in an effort to hammer out an agreement beforescheduled U.S. sanctions against Japanese luxury import cars are implemented next Wednesday.Both sides are refusing to budge from their positions. TIME reporter Bernard Baumohl reports: "All the forces are in play for a genuine trade war." But Baumohl expects some sort of concessions from Japan: "This is a fight the Japanese think they're going to lose." The U.S. needs to make a strong stand here, says Baumohl. "This is not just aimed...
...will "wean American agriculture from subsidies and move it into the free market." The bill would save $27.5 billion in federal spending during the five-year phase-out period. Although some have charged that an elimination of subsidies could lead to higher prices for consumers, TIME business reporter Bernard Baumohl thinks the opposite may happen: "One of the purposes of these subsidies is to discourage overproduction. If you take away these incentives and factor in theincredible productivity of the American farm, you could see an increase in supply, which in turn would keep prices...
Seagramreportedly is on the verge of paying about $6 billion to Matsushita for 80 percent of MCA, the Hollywood studio that produced "Jurassic Park" and "E.T." The Associated Press reports that a final deal is expected to be signed within days. But TIME business reporter Bernard Baumohl notes that MCA and Seagram still do not have any formal relationship and that Seagram is declining to comment on the reported sale. Seagram, the Canadian liquor, wine and juice company controlled by one of the world's richest families (the Bronfmans), is said to be financing a purchase of MCA with...
...Reported by Bernard Baumohl and Jane Van Tassel/New York, Edward W. Desmond and Satsuki Oba/Tokyo, Bruce Van Voorst/Bonn and Adam Zagorin/ Washington
...Republicans already are preparing legislation to repeal the president's executive order, which applies only to government contracts exceeding $100,000 and will not be retroactive. "This is a political move on the part of the president to ingratiate himself with the labor unions," says TIME business reporter Bernard Baumohl, who pointed out that Clinton previously alienated the unions by backingNAFTAandbailing out the Mexican economy...