Word: expansionism
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Dates: during 1970-1979
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It is a dispute in which everyone has a point. Japan and Europe are right in arguing that a cut in oil imports, which are currently running at $3.7 billion a month, would immediately reduce the U.S. trade deficit. But they fail to acknowledge that oil imports are increasing largely...
West Germany is also running an international surplus, but unlike Japan, it maintains few barriers to imports. More to the point, West Germany's trade with the U.S. is several hundred million dollars in deficit, and the nine countries of the Common Market as a whole imported $3.6 billion...
Oddly, though, automen have seldom been so ebullient about the future of their industry. GM Chairman Thomas Murphy clings to a forecast of record U.S. car and truck sales in 1978. Ford is highly optimistic, with good reason: its sales in early December jumped 13% above those of a year...
Carter Hawley sees Marshall Field as a worthy addition to its list of platinum-plated logos, which includes Dallas' Neiman-Marcus and New York's Bergdorf Goodman. C.H.H. also would gain geographically: Field stores cover the Midwest while Carter Hawley's sales come mainly from the Sunbelt...
Auto sales, a mainstay of the economic expansion, weakened in the final 20 days of November. The Carter Administration, in its first year in office, displayed what often seemed to be a fumbling and unsure touch in dealing with the economy. For example, the President has vowed to shun wage...