Word: gattes
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European directors like Bernardo Bertolucci and Pedro Almodovar are railing against their American colleagues' support of the GATT deal, which would remove European quotas for local movies. "There will be no European film industry by the year 2000," they claim. Could be -- if Hollywood keeps giving European moviegoers what they want and home-grown auteurs make art-house flops...
...credit crunch after the crash of 1987 and the millions of dollars in loans that went bad in the drought of the late eighties, the low interest rates of the past year and a half have not helped farmers as much as urban professionals. The constant battles over GATT and the EEC's agricultural subsidies have been more on behalf of big farming; small producers only feel the benefits of decreased foreign subsidies over several years, when market prices reset themselves...
...home as one more part of his jobs program. The meeting started on a promising and surprising note: an agreement in principle by trade ministers to cut anti-import tariffs on hundreds of items (although not the most contentious ones), which could lead to a resumption of the stalled GATT world trade talks. By the end of the week, other substantive achievements were announced: a $3 billion aid plan for Russia and a "framework" agreement that will guide future negotiations to reduce Japan's trade surplus with...
...Helmut Kohl isn't making any GATT demands that U.S. theaters show a fixed percentage of Wim Wenders movies, and Francois Mitterrand, mercifully, has not asked Clinton for a Godard quota. But for TV the Europeans have drawn a line in the sand: the E.C. now requires that 50% of each nation's programming be produced in the E.C. -- and the French, being French, go further, requiring that 40% of their TV shows be produced in France. Still, the glossy American product flutters in, and prevails. Beverly Hills, 90210 is wildly popular all over the Mediterranean; in South Africa, Major...
...heat, and it's not the humidity: what's really enervating is day after relentless day of news reports about the G-7 trade negotiations in Tokyo. GATT. Market-share targets. The Uruguay Round. Consultations with the Canadian Prime Minister. Drowsy...