Word: bondses
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It did not take long for the rest of the country to read his lips. Within two weeks, Los Angeles County abruptly canceled a perfectly legitimate railcar contract with Sumitomo, a Japanese company. Next, major-league baseball reacted with disdain to a Japanese offer to buy the failing Seattle baseball...
Fear of a massive retrenchment from the U.S. market by Japanese investors is also unfounded. Japan has been earning huge trade surpluses lately by buying less abroad and keeping exports high. In February it sold $10.23 billion more goods overseas than it bought, the biggest monthly surplus in history. Much...
A bill moving through parliament would allow the government to buy some 12 million of the 28 million acres owned by the country's 4,200 white farmers, who produce around 75% of agricultural output, at confiscatory rates of compensation. Payment would be made either at a price determined by...
Yet with hearings resuming in Manhattan this week before U.S. Judge Milton Pollack, all sides have incentives to reach agreement. A settlement could strengthen Milken's plea for reduction of his 10-year sentence for securities fraud; he has already served a year. And the FDIC, which represents savings and...
.On traditional liberal stands: He supports abortion rights and gay civil rights. He speaks of "recycling ethics" and the "mighty spiritual bonds that makes us a people."