Word: bolstered
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Reducing the overall trade deficit will not come any easier. U.S. Treasury officials have repeatedly pressured America's major trading partners, especially Japan and Germany, to stimulate their economies. This would bolster demand for American products and thus reduce the U.S. trade gap. But both nations are wary of taking this step. One reason is their leaders' reluctance to fuel growth for fear of igniting inflation...
...bolster its own collection of Kovacs' work, the museum sifted through 200 tapes kept in storage by Edie Adams, Kovacs' widow and longtime co-star. She had rescued some of the material from ABC shortly after Kovacs' death, when the network was starting to record over it. "I took the insurance money and bought a wall of stuff that said 'Kovacs,' " she says. "I didn't know what half...
Ironically, for a Soviet bloc country, Rumania relies on good relations with the U.S. to bolster its economy. Last month President Reagan extended the trade status of most-favored nation to Rumania for the eleventh straight year, after Bucharest agreed to allow more than 1,000 people to emigrate. The regime will thus be able to continue exporting to the U.S. without paying extra duties. Reagan granted the extension despite misgivings about alleged Rumanian human rights abuses, which range from torture and long-term political imprisonment to religious persecution...
...broaden and bolster their U.S. operations, Japan's big securities houses have hired several of America's top moneymen. Last week Nikko, Japan's second- largest broker, scored a major coup. Stephen Axilrod, the Federal Reserve system's top staff official, said he is retiring to become vice chairman of Nikko's U.S. unit. Nikko is one of four Japanese firms bidding to become primary dealers in Treasury securities, which are bought and sold by the Federal Reserve as a way of controlling the U.S. money supply. But Axilrod stressed that he will do more than simply advise Nikko...
Last week Secretary of State George Shultz made a five-stop Asian trip to bolster those ties against recent strains, and to coincide with the annual meeting in Manila of the Association of Southeast Asian Nations (ASEAN). The Manila trip, Shultz's second visit to the Philippines since Corazon Aquino toppled Ferdinand Marcos in February, was also intended to show staunch U.S. support for the new Filipino President, whose fledgling administration lacks the stability of an established government...