Word: foreign
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Dates: during 1980-1989
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...Among the topics discussed will be creative financing, marketing, and the legal groundwork [of setting up a business]," said Huhne. Rippey said the conference would also cover foreign trade and "the prospect for entrepreneurialism." Club member York M. Eggleston '92 added that panelists might include Harvard professors...
MOST economic experts agree that the trade deficit is the result of more than an overvalued dollar. American industry is getting beaten in the world market by being slow to innovate. Surpluses that foreign countries channel into research and development are divied up by American companies as short-term profits. While foreign governments help develop new competitive advantages for their companies, our elected leaders allow Wall Street executives to squander time and money on corporate takeovers, which produce nothing...
...Feldstein goes a step beyond a dispassionate economic argument by making his plan into a panacea for the trade deficit--when it's not. The United States could let the dollar fall to eliminate its huge trade deficit. As American goods get relatively cheaper and foreign goods more expensive, America will be selling more and buying less, until eventually our trading accounts balance. In fact, Bush may choose to follow this plan to eliminate the deficit...
THERE are also more immediate harmful consequences of a lower dollar. As American goods get cheaper, so do American land, assets and factories. Already more than one-fifth of all domestic bank assets are owned by foreign banks...
...Foreign ownership of American farms, companies, banks and bonds has almost doubled since 1981 and now approaches $1.5 trillion. A lower dollar will eventually increase American exports--but will it be America any longer...