Word: bentsen
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...Senator Lloyd Bentsen...
Last week the congressional Joint Economic Committee, of which Senator Bentsen is chairman, began special hearings into the productivity sag. From expert witnesses, the committee heard that despite the recent decline, the U.S. still has the world's highest level of productivity, but the lead is shrinking rapidly. In 1950 it took seven Japanese or three German workers to match the industrial output of one American; today two Japanese or 1.3 Germans can do as well. Last year the Japanese had a productivity increase of 8%; the U.S. gain was only .3%. In this year's first quarter...
...imports. Anger at Japan's nontariff restrictions has been intensifying in both the U.S. and Europe. Congressional leaders have warned that unless Japan moves more quickly to cut its surplus, Congress will impose a 15% tariff surcharge on Japanese goods, and take other retaliatory steps. Says Senator Lloyd Bentsen of Texas: "I can see no good reason for the U.S. to commit economic harakiri on the altar of a bogus free-trade relationship...
...would have to leave. Although their first crop had already been planted, they were forbidden to work, even for themselves. The Mennonites won a temporary reprieve when the INS extended their departure deadline in order to let them harvest their crops. A second reprieve came when Senator Lloyd Bentsen, at the urging of the Seminole community, introduced a special bill into Congress on their behalf. It stated that although the Mennonites did not meet existing INS conditions for immigration (such as relatives already in the country or job skills that Americans do not have), they should be allowed to stay...
...meet a $225,000 mortgage payment. This month the ranch was put up at public auction, and former Owner Dennis Nix and his bank bought it back for $1,151,000. After losing most of their life savings, the Mennonites still face deportation, since it is considered doubtful that Bentsen's bill will pass...