Word: gradualism
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Lawmakers are particularly eager to pry open Japan's $20 billion telecommunications market. In the past two months, Administration officials have stepped up negotiations with Tokyo to win greater access to that market. The talks have been in anticipation of the gradual conversion of giant Nippon Telegraph & Telephone from a government monopoly to a private company, a change that begins this week. So far, though, Washington's representatives have been frustrated by what they consider to be Japanese reluctance to grant freer trade, and have made no more than modest progress. Said one top negotiator: "Substantial differences remain...
...savings, and that could put upward pressure on interest rates. So far, only the influx of foreign money, which amounted to $62 billion in the first three quarters of last year, has prevented a crunch. Perhaps the most sinister aspect of the budget deficit is that its effects are gradual and masked by the general prosperity. "Deficits are not explosive," said Heller. "They are corrosive." Most disturbing, the U.S. will become a debtor nation this year for the first time since 1917. Peter Peterson, former chairman of the Lehman Bros. Kuhn Loeb investment firm and a guest at the TIME...
With the success of the pilot software project, she predicted a gradual expansion of the program. "We are bringing in new cases (for use with the software] all the time and I think more and more, cases will be written with software in mind...
...advance in technology. Old-fashioned sunlamps emit strong doses of ultraviolet radiation, which can cause a quick sunburn if one is not careful. New tanning machines, however, block out most of the sunburn-linked beta rays (UVB) in favor of alpha rays (UVA), which promote a more gradual tan. The most popular device for soaking up UVA is a clamshell-like tanning bed. The customer lies down on a Plexiglas surface, closes the lid and relaxes as lights from above and below bake him to a golden brown...
...Administration announced last week that the 250 U.S. troops remaining in Grenada will begin a five-month withdrawal plan in mid-April. At the same time, more than 400 troops from other Caribbean nations who are stationed in Grenada will begin a gradual evacuation, leaving the security of the tiny island completely in the hands of its own 560-member police force. Meanwhile, the military had another Grenada revelation last week: five Army men and three Marines had broken the law by returning from the Caribbean island with Soviet- made automatic rifles obtained during the invasion in 1983. Most...