Word: beef
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Dates: during 1980-1989
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Harvard Dining Services means well, but it is too clumsy to turn intentions into good results. Some Chinese students probably noted that the beef teriyaki served for Chinese New Year is actually a Japanese dish. It's sort of like serving fish & chips on the Fourth of July...
...keeping with the Lone Star State's reputation for independence, a Texan aims to strike a separate peace in the beef war between the U.S. and the European Community. Because most American feedlot operators hasten cattle growth with hormones, the E.C. has banned more than $100 million of U.S. meat imports. Washington has retaliated by slapping 100% tariffs on $100 million of annual European food imports. But last week Texas Agriculture Commissioner Jim Hightower, declaring it was time "to cut the bureaucratic crap," proposed a way to provide hormone-free exports to Europe...
Critics swiftly broiled Hightower's plan, which calls for greater use of natural production systems. Reason: hormone-free feeding could add more than 15% to the cost of beef...
Nonetheless, the State Department reportedly has been cooking up a compromise in which the U.S. would export specialty beef products, including tongue and liver, that conform to E.C. standards. Secretary of State James Baker may offer such terms this week when he makes a diplomatic tour of European capitals...
Nonetheless, Japan has made solid progress in overhauling its economy to help ease the trade imbalance. The country is phasing out protectionist quotas on U.S. beef and citrus products, for example, and has opened its construction market to foreign bidders. Japan imported 48% more U.S.-made computers and office equipment in 1988 than in the previous year, and 55% more semiconductors and telecommunications equipment. "A massive structural change has taken place in the Japanese economy," says economist Noriko Hama of the Mitsubishi Research Institute. "We are much more import-oriented than we were a couple of years...