Word: exportability
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...interest rates to fight inflation, a move that would be likely to slow the country's economic growth. The trade talks between the U.S. and Japan, which resumed last week, were also a source of gloom. Ironically, yet another notable cause of last week's volatility is an American export, program trading, which a growing number of firms are now practicing on the Tokyo market...
...dissatisfaction is the exhausted economy. The nation's coffers have been devastated by the drop-off in world petroleum prices since the mid-1980s; Cuba generated much of its foreign exchange by reselling, at top prices, cut-rate oil supplied by the Soviet Union. Sugar, Cuba's main export, has also been a loser on international markets. Ever since Havana in 1986 suspended payments on its foreign debt, which now stands at $7 billion, most industrialized countries have refused to extend new credits. With only $87 million in reserves, Cuba lacks the hard currency to buy vital imports...
...whose sensibilities were tousled by Wolfe's rough treatment of New York City will be put off by Amis' pitch-black satire about the other sagging capital of the English-speaking world. But those who found Bonfire's incendiary social commentary amusingly accurate should spontaneously combust over Amis' latest export...
...suggests we acquire official military passes from the Interior Ministry, two blocks away. At the ministry there are eight Soviet correspondents. "These economic demands are stupid," says a Komsomolskaya Pravda reporter. "How can the Tadzhiks demand economic independence when they import a billion more rubles each year than they export? The religion is just a pretext. The young people pay no attention to the mullahs...
...three countries will be seeking greater financial assistance from the U.S. Colombia will request trade preference for its $200 million annual export of cut flowers and a revival of the international coffee pact that lapsed last July, costing the country some $400 million. Also on the Latin leaders' wish list...