Word: destler
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...Japanese Prime Minister, intensified American feelings of anger and humiliation. Pat Buchanan, whose New Hampshire stump speech includes numerous nods to his isolationist "America First" economic platform, fans the flames. "We're on a wave of Japan bashing that is much more serious than in previous years," concludes I.M. Destler, a visiting fellow at the Institute for International Economics in Washington...
...proposals offered much immediate solace to frustrated American exporters as they contemplated a Japanese trade surplus with the U.S. that totaled $50 billion last year. Washington had no official reaction to the Japanese plan prior to the Reagan-Nakasone meeting. Nonetheless, I.M. Destler, a senior fellow at the Washington-based Institute for International Economics, declared that "these are steps in the right direction, but the Japanese have a substantial way to go." Nakasone acknowledged that changes in Japanese spending habits would not come easily. Said he: "This question of restructuring is as difficult as a junior high school student trying...
...that the five governments will back their dollar sales with fundamental changes in economic policy: measures by the European countries and Japan to speed up the growth of their economies and, even more important, a greater cut in the U.S. budget deficit than any now in prospect. Says Mac Destler, senior fellow at the Washington-based Institute for International Economics: "It may be that coordinated intervention will bring the dollar down if you believe that speculation has caused some of the overvaluation. But if you believe that the dollar is strong because of the budget deficit, then even well-coordinated...
...reality, the U.S. and Japan were still a long way from an outright trade war, which would involve a series of trade reprisals by both sides. "Like real wars," says I.M. Destler, a senior fellow at the Institute for International Economics in Washington, "trade wars tend to leave everybody worse off." Two years after Washington passed the virulently protectionist Smoot-Hawley bill in 1930, the wave of trade and currency reprisals that it provoked slashed U.S. exports by 60%, helping deepen the Great Depression. Japan's obsession with maintaining supplies of raw materials for its export industries was largely responsible...
Coach Laury Coolidge continues to experiment with his crews despite their fine records so far, in an effort to gain the greatest possible speed from his men. This week Henley veteran Mike Christian moved into the varsity at the three seat in place of Irving Destler and Roy Gosse went into the J.V. shell for C. Michael...