Word: factly
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Dates: during 1980-1989
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...that weapon should be used sparingly. Protectionism encourages U.S. companies to remain inefficient and drives up prices to consumers. The flap about fair trade obscures an inescapable fact: the fault for our industrial woes lies not with our trading partners but in ourselves. If every trade barrier on earth magically disappeared, the U.S. deficit would probably decline no more than 20%. The primary responsibility for the trade deficit rests both with a profligate Government whose tax and spending policies have encouraged overconsumption and with much of U.S. industry, which grew fat and complacent during its halcyon days in the 1950s...
Much as the black-ruled nations of Africa might detest it, they cannot ignore the fact that the pariah state of South Africa is the economic and military superpower south of the Sahara. This galling reality is the backdrop against which State President P.W. Botha is staging a new diplomatic offensive. In three weeks he has met publicly with three African heads of state and secretly, officials in Pretoria claim, with two others. Flying home from Zaire last week, Botha announced jubilantly, "We are going to other African countries as well, where we will be busy this year and next...
...Brady commission confirmed that heavy trading of speculative "derivative products," like stock-index futures, exacerbated the October crash. It is obvious that futures, options and their kin are securities and should be treated as such. Their trading should be regulated by the Securities and Exchange Commission. The fact that they are now regulated by the Commodity Futures Trading Commission has simply turned the securities markets into commodity markets...
...proliferation of speculative financial instruments is tied to the new role of institutional investors. In fact, the term institutional investor is becoming a contradiction in terms. Too many institutions no longer invest. Instead they speculate -- in every type of financial vehicle from options to junk bonds, from real estate to foreign exchange. They are active players in the takeover game, encouraging corporations either to sell out or to engage in highly leveraged restructurings essentially aimed at maximizing short-term trading profits. But while the managers of institutional funds engage in this speculation, the money is not theirs. They are risking...
What elsewhere one sees only in travel brochures, one finds in Thailand daily. It often seems, in fact, as if ancient gods -- Bacchus, Neptune, Zeus and Venus -- conspired to make the land a composite of holidaymakers' fantasies. Here is a never-never land built on solid ground; a fairy-tale monarchy ruled by a Renaissance King and his classically beautiful Queen; an orchid-scented garden of scintillant temples, lush jungles, palmy white beaches and a capital built along tree-shaded canals; and a gentle Buddhist retreat filled with smiling, gracious people who make "tourist industry" sound like a contradiction...