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Opponents of the trade package contend, and many of its advocates admit, that the bill does not strike at the heart of the trade problem. Simply put, the U.S. is running a huge trade deficit because its economy, plagued by an excess of public and private spending and a lack of saving, is consuming far more goods than its industry can produce. While American exports climbed by 11.5% last year, imports rose nearly as much...

Author: /time Magazine | Title: Losing Ground | 5/9/1988 | See Source »

Milton provides an excellent example of his theory, Bloom said. "Milton's major desire was to assert his own authority as a poet-prophet, in excess of Moses and Isaiah," said Bloom...

Author: By Carlton S. Smith, | Title: Bloom Discusses Milton In 1988 Norton Lecture | 4/14/1988 | See Source »

...converted a garbage dump into a public plaza. The dump site "because it was the only open area, was also used as a playground by children," says Jim Palos, an alumnus of last year's program and its Midwest coordinator. "We also built a drainage system under it so excess water from the daily rain could escape," Palos says...

Author: By Jesus I. Ramirez, | Title: Greetings From Mexico--No Surf, but Hard Work | 4/7/1988 | See Source »

Most political experts had expected a Dukakis victory, since Michigan's generally low-turnout caucuses placed a heavy premium on organization and endorsements. Dukakis had both in excess: rival camps estimated that he spent up to $1.5 million in the state -- three times as much as any other contender -- and he boasted the backing of Detroit Mayor Coleman Young and most of Governor James Blanchard's political lieutenants...

Author: /time Magazine | Title: Win, Jesse, Win! | 4/4/1988 | See Source »

While drug-related violence once touched mostly those in the business, no one is safe today. Basuco, a crude, habit-forming derivative of coca paste, was introduced into the local market by the cartel in 1984, when it had excess low-grade Colombian coca paste on its hands. Now there are thousands of addicts in the city, many of them knife-wielding street criminals who will kill for the price of a fix, less than a dollar. "Ten years ago you could stroll the city streets after dark," recalls Gomez. "That's suicidal...

Author: /time Magazine | Title: Colombia the Most Dangerous City | 3/21/1988 | See Source »

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