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...calculate was the impact of rising interest rates around the world, especially in the U.S., which gave investors attractive alternatives for their money. Another possibility is that Salinas, who would very much like to be named the first head of the World Trade Organization, which will be created under GATT, didn't want to go out with any more blots on his resume...

Author: /time Magazine | Title: The Plunger: the Peso Heads South | 1/9/1995 | See Source »

...with Mexican labor even cheaper, American jobs will head south en masse. The poorly concealed glee of NAFTA's foes gives the Clinton Administration yet another thing to get defensive about. If NAFTA was a blunder, then doubts arise about the centerpiece of Clintonomics: free trade, as in NAFTA, GATT and plans for Pacific Rim and Pan-American trade zones...

Author: /time Magazine | Title: Why Perot Is Still Wrong | 1/9/1995 | See Source »

Both the House and Senate voted -- with large bipartisan majorities -- to enact historically wide-ranging changes to the 124-nation General Agreement on Tariffs and Trade, or GATT. Among other things, the new measure lowers tariffs by a third, removes trade quotas and, for the first time, protects intellectual property...

Author: /time Magazine | Title: The Week November 27-December 3 | 12/12/1994 | See Source »

Winter's coming took on a symbolic chill for congressional Democrats as they eulogized 40 years of majority rule during a last lame-duck session, convened for GATT. Preparations for the bleak unknown began with Democratic House leadership elections. Representative Richard Gephardt of Missouri briefly climbed out of his hospital bed to secure the nod as minority leader before returning for a gallbladder operation; he will be joined by newly elected minority whip David Bonior of Michigan and California's Vic Fazio, now the House Democratic caucus chairman. In the Senate, Tom Daschle of South Dakota was voted...

Author: /time Magazine | Title: The Week November 27-December 3 | 12/12/1994 | See Source »

...final act, the late, not-so-great 103rd Congress approved sweeping changes to the General Agreement on Tariffs and Trade (GATT). These changes, passed with bipartisan support (and opposition), will drastically reduce tariffs and alter trade practices for all the treaty's 124 member nations. Below: the votes of your Senators and Representative...

Author: /time Magazine | Title: Time on Capitol Hill Gatt and You | 12/12/1994 | See Source »

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