Word: deficit
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Dates: during 1980-1989
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Statistics are the heavenly bodies of economics. Not only are they used for navigation by businesses, policy planners and researchers but they also exert a powerful pull over the tides of the economy. A high monthly figure for the trade deficit, for example, can send floods of money rushing out of the stock market in a sell-off. The sheer quantity of statistics available is immense. Nearly every business day the U.S. Government releases one indicator or another, from the Consumer Price Index and capacity utilization to retail sales and housing starts. Too often, however, the overall impact...
...Money spent on arms can't be spent on needed economic development. This leaves American companies lagging behind competitors whose governments follow a strategic industrial policy, and not just a strategic defense policy. At the same time, America also depends on foreign investors, especially the Japanese, to finance the deficit created by oversized defense outlays. This steals incentive and opportunity from American investors...
...flesh out his vague stump speeches with more specifics. This means converting his pleasant-sounding concepts -- such as a "real war on drugs" and "comprehensive day care" -- to realistic programs complete with price tags. He also owes voters a credible explanation of how he will curb the federal deficit. If his follow-up sounds as expensive as his promises are expansive, Dukakis may alienate the moderate voters who put Reagan in the White House but are now skeptical about Bush...
DESCRIPTION: United States imports, exports, trade deficit, April 1987-March 1988; color illustration of Uncle Sam looking over bow of ship...
...players. Says Arthur Levitt, chairman of the American Stock Exchange: "It's a national disgrace that we've been unable to agree on some essential steps to restore public confidence in the market." Last week almost nothing seemed to encourage investors. Despite a sharp improvement in the U.S. trade deficit, the Dow Jones average fell 37.96 points, to close the week...