Word: exporters
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...justification for much of this welfare is that the U.S. government is creating jobs. Over the past six years, Congress appropriated $5 billion to run the Export-Import Bank of the United States, which subsidizes companies that sell goods abroad. James A. Harmon, president and chairman, puts it this way: "American workers...have higher-quality, better-paying jobs, thanks to Eximbank's financing." But the numbers at the bank's five biggest beneficiaries--AT&T, Bechtel, Boeing, General Electric and McDonnell Douglas (now a part of Boeing)--tell another story. At these companies, which have accounted for about...
...points since Tuesday alone. All four were perking up Friday -- has the sector stopped bleeding? "It depends," says Schwartz. "More earnings reports are due the next few weeks, and then we'll know." Considering the still-sorry economic state of Asia, which remains the sector's feast-or-famine export market, we may know already...
...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...