Word: deficits
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Dates: during 1990-1999
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...Bergsten's view, however, another force will also press the dollar down. The U.S. current-xaccount deficit is headed for a record $300 billion in 1999. It would be even worse if gains in financial transactions and services such as advertising and insurance were not offseting part of the gargantuan deficit in exchange of goods. The trade deficit, or excess of merchandise imports over exports, will be roughly $350 billion. So the U.S. is spilling too many dollars into currency markets for the greenback to maintain its present value against most other moneys, euro or no euro...
...attention-deficit/hyperactivity disorder for which he receives Ritalin. It is difficult to list the ways a lack of impulse control can affect a child and his family. Our son was one month away from his fifth birthday when we realized we needed help. He incinerated food in the microwave, turned off the hot-water heater and opened the water-release valve, forced several steak knives through a wooden fence and finally bloodied a pet. Does this sound like an unsupervised child? I am home full time with him, and vigilance was the key word. Even with all the unanswered...
Down by 12 at halftime, the Crimson was not able to reduce that deficit in the second. Buth and Gee made three of Dart-mouth's first four three-point attempts in the first seven minutes of the second half en route...
...economy can take the pain, but not forever. The Commerce Department Wednesday announced an 8.1 percent surge in the nation's third-quarter trade deficit, to a record $61.3 billion -- a direct result of the Asian crisis that has left imports even cheaper while drying up the market for U.S. exports. "The booming trade deficit hurts the U.S. economy, but we have no alternative," says TIME senior business writer Bernard Baumohl. "The only way we can help Asia, and the world economy, rebound is to keep on importing their goods...
...problem is that the U.S. deficit is maintained by borrowing. "It can't be sustained in the long term because at some point foreign lenders will expect higher interest rates to keep on financing it," says Baumohl. "That would mean a slowdown of the U.S. economy." Unless Asia begins to recover, rising deficits will also amplify calls for protectionism in the U.S. And that, says Baumohl, "would set the world economy on the path toward another global depression...