Word: deficits
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Dates: during 1980-1989
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Fresh off its upset of Army, the Crimson faltered to Brown, falling behind 7-3 at intermission. Despite a brief third quarter comeback led by Forman's two goals, the aquamen were unable to close the 8-5 deficit and eventually lost...
...used sparingly. Protectionism encourages U.S. companies to remain inefficient and drives up prices to consumers. The flap about fair trade obscures an inescapable fact: the fault for our industrial woes lies not with our trading partners but in ourselves. If every trade barrier on earth magically disappeared, the U.S. deficit would probably decline no more than 20%. The primary responsibility for the trade deficit rests both with a profligate Government whose tax and spending policies have encouraged overconsumption and with much of U.S. industry, which grew fat and complacent during its halcyon days in the 1950s and 1960s...
Neither candidate's program will do much to curb the trade deficit. The problem cannot be resolved quickly, but several strategies could get the country moving in the right direction...
...Adopt a plan to eliminate the federal budget deficit. The candidates' failure to face up to the budget issue destroys the credibility of their suggestions for improving competitiveness. Without this essential first step, no other remedies will work...
...decisive steps by various governments stabilized the situation, but also because the bond market and the dollar did not crash along with stocks. One does not have to be a prophet of doom and gloom to sketch a possible downside scenario despite current strong economic statistics. With the trade deficit still high, inflation on the rise, no resolution to Third World debt problems and no decisive action on the federal budget deficit, we could see another steep decline of the dollar, a spurt in interest rates, a break in bond prices and a new plunge in the stock market. Major...