Word: cracking
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...American consumers would curb their use of credit cards, lose the deduction on home mortgages and pay a stiff new gasoline tax. For its part, the U.S. wanted Tokyo to make it easier for large department stores to set up shop in Japanese cities, to boost public spending, to crack down on Japanese price-fixing and bid-rigging practices, and to shorten the workweek of Japanese employees to five days by eliminating half-day Saturday shifts. The ambitious talks were part of the Structural Impediments Initiative launched by President George Bush last May, which seeks to make fundamental economic changes...
...communiques. The struggle reaffirmed a fact that has become increasingly clear since Lithuania's declaration of independence two weeks ago: the mild-mannered pianist may turn out to be the Soviet President's most dangerous enemy -- not because he is so strong, but because Lithuania represents the first crack in what could be the collapse of the union that binds the country's 15 republics...
Thornburgh's tough words seemed to signal that the Bush Administration, stung by charges of foot dragging on the environment, was moving to crack down on major polluters like Exxon. The company pronounced itself "disappointed" at the indictments and vowed to fight them in court. The prosecution may yet result in a settlement. But no matter what happens, the case will further complicate a gargantuan legal wrangle that already involves more than 150 civil complaints as well as the separate prosecution of tanker captain Joseph Hazelwood by the state of Alaska...
What's more, last month's crack in the highly overvalued Tokyo stock market makes the Japanese seem a little less superhuman. The even wilder overvaluation in Japanese real estate could one day make them look downright mortal, sending shocks around the world. And America's new goals for education by the year 2000, which the nation's Governors unveiled last week, aim in exactly the right competitive direction. The goals may seem fanciful -- one is to make American kids first in the world in math and science -- but are they that much more fanciful than the goal...
...course, The Experience really started yesterday morning. Hopefully, you didn't begin by mistakenly proposing a 7 a.m. breakfast to your Ivied offpsring. Inviting a Harvard student to anything at the crack of dawn is akin to requesting a special order of duck a l'orange at the Harvard Union. It's just not done...