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Many American businessmen argue that the U.S. trade gap could be narrowed if foreign countries were to dismantle barriers to trade, such as quotas and stringent customs regulations, which effectively block sales of American products. The Administration has tried, not too successfully, to combat these practices through trade negotiations. But last week the U.S. could claim that real progress had been made. After a year of often heated talks about the semiconductor trade, Japan finally agreed to boost prices of the computer chips it sells in the U.S. The Commerce Department had charged that Japan was "dumping" chips at money...

Author: /time Magazine | Title: A Baffling Trade Imbalance | 8/11/1986 | See Source »

...Some businessmen and economists argue that American companies must assume considerable blame for their failure to sell more of their products abroad. Says Charles Nevil, president of the Meridian Group, a Los Angeles-based export-management firm: "American firms have a basic indifference to exports. The hard dollar wasn't the cancer, and the soft dollar isn't the cure" for the deficit. If American exports are to grow, companies must become more adept at satisfying the needs and tastes of foreign consumers...

Author: /time Magazine | Title: A Baffling Trade Imbalance | 8/11/1986 | See Source »

...tackle. Most N.F.L. stadiums are filled at kickoff time, and last year the owners of the 28 franchises divvied up some $1.2 billion in TV contracts. Understandably, the N.F.L. barons have been loath to share the spoils. More teams mean smaller slices of the TV pie. Businessmen who want to start a new pro team are left with only one option: to form their own league...

Author: /time Magazine | Title: Sacked! | 8/11/1986 | See Source »

LANDING RIGHTS. The government-owned South African Airways flew 100,000 passengers, mostly white officials, businessmen and tourists, to and from the U.S. last year. The proposal by some Senators and others to rescind the country's landing rights in the U.S. would inconvenience such travelers, probably causing a half-day detour through European cities. Quite quickly, however, small airlines in Swaziland or Botswana could expand, with South Africa's help, to fill the void...

Author: /time Magazine | Title: Assessing the Impact of Sanctions | 8/4/1986 | See Source »

President John F. Kennedy once said that with the possible exception of John Quincy Adams, Harriman held "as many important jobs as any American in our history." After migrating from Wall Street to Washington as one of the dollar-a-year "tame businessmen" supporting Franklin Roosevelt's New Deal, he went on to become wartime Ambassador to Moscow, Secretary of Commerce, Ambassador to Britain, European administrator of the Marshall Plan, Governor of New York and, in his 70s, Under Secretary of State. The titles scarcely matter; at pivotal points in the nation's history, Harriman always seemed to be there...

Author: /time Magazine | Title: The Establishment's Envoy William Averell Harriman: 1891-1986 | 8/4/1986 | See Source »

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