Word: exportable
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Dates: during 1990-1999
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...government, however, treats encryption as a munition, thus subjecting it to export restrictions. The current export restriction is 40 bits...
...come credible reports that the Chinese government, facing unprecedented deflation in the rest of Asia, is preparing to renege on its year-long pledge not to devalue the renminbi. China has earned credit overseas for holding its currency steady, providing some stability in the region. But as its export growth and foreign investment slow under competitive pressures, Beijing seems to be nearing its pain threshold. According to an economist with access to China's leaders, they are contemplating an early 1999 devaluation that could reach 30%, depending on how far the Japanese yen drops. With the rest of Asia struggling...
...half a world away could have any effect on the seemingly bulletproof U.S. economy. But the stock market's swoon--the Dow industrial index was off some 450 points in the past two weeks--is directly linked to the deepening trouble in Asia, which represents only 30% of American exports but about 100% of American worries. Cheaper Asian goods, made possible by currency devaluations, have caused the U.S. trade deficit to balloon: America is buying more from the Pacific rim and selling less. While that's good for companies like Wal-Mart and allows shoppers to buy lawn furniture...
...With the Dow still dropping, traders will be watching the Export and Import Prices report tomorrow for confirmation of what we all suspect: that economic problems and weaker currencies in Asia are causing cheaper goods to flood into the U.S. while weakening the markets for domestic goods and services abroad...
...these items require export licenses, and each satellite sale must win a waiver from sanctions imposed after Tiananmen. Every waiver requested has been granted: nine by former President Bush, 11 by Clinton. Critics are asking whether Clinton made the process dangerously easier by transferring responsibility from the security-minded State Department to the sales-eager Commerce Department two years ago. Such sales, says a Pentagon official, "are a manageable problem," but the U.S. "should err on the side of caution...