Word: dangerous
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Dates: during 1980-1989
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...necessarily bad. For example, there is a strong move to tighten sections 201 and 301 of the 1974 Trade Act, which permit the President to put countervailing duties on subsidized imports and retaliate against the products of countries that restrict American exports. Such actions always pose a danger of hampering the flow of trade, but on occasion they can lead to a more open exchange. Take the July "pasta war": the U.S. got the European Community to drop restraints on American citrus products by briefly restricting imports of pasta...
Even so, the devaluation campaign is a gamble. There is some danger that it might be too successful, setting off a stampede from the dollar that would damage the U.S. In effect, Washington is relying on foreign buyers of Treasury bills and bonds to finance the U.S. budget deficit. Abrupt withdrawal of that capital could force the Government either to borrow more in domestic markets, bringing about a disastrous rise in interest rates, or to indulge in a highly inflationary expansion of the money supply...
Most financial experts in the U.S. and overseas, however, are more wary of the opposite danger: the devaluation drive could fizzle out. The maximum amounts of dollars that the five governments could sell would be insufficient to move the markets much in the long run unless they were supplemented by heavy sales on the part of money traders acting for private-investor clients. And traders are unlikely to make those sales unless they can be convinced that the five governments will back their dollar sales with fundamental changes in economic policy: measures by the European countries and Japan to speed...
...world's ills, including Latin America's crippling $370 billion debt, famine in Africa, war and terrorism in Central America, Afghanistan and the Mideast, apartheid in South Africa, and the nuclear arms race. Amid the rhetorical hand wringing, Foreign Minister Suppiah Dhanabalan of Singapore cautioned, "There is a clear danger that this organization may become irrelevant to issues of peace and security, the primary issues for which it was founded...
...experts suggested that the greatest danger to the babies during their ordeal had been cold. Mexican doctors speculated that dying adults in the wreckage near them had shielded the infants from the chill and passed on the margin of warmth necessary for survival. In any case, said Dina Villanueva Garcia, chief of the neonatology department of Juarez Hospital, "it was extraordinary that they survived." In all, about 15 infants and 166 adults had been rescued at Juarez Hospital by week's end, and two babies had been rescued at another hospital after nearly nine days of entombment...