Word: halts
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Dates: during 1980-1989
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...plenty of his own in the wake of the Iran-contra scandal. In addition, Reagan has to deal with a Congress that has become increasingly protectionist. As America's trade deficit has steadily grown, political leaders have become more and more vocal in their demands for a halt in Japanese imports. Tokyo last week released new figures showing that Japan's worldwide trade surplus ballooned to an astonishing $101.4 billion in the twelve-month period that ended in March. Some $52 billion of that bulge came from trade with...
...Dortch, 55, the new president of PTL and Bakker's former chief aide; $360,000 last year and $250,000 as of March to David Taggart, 29, another Bakker aide; $160,000 in 1986 and $50,000 this year to Shirley Fulbright, a PTL executive assistant. Falwell ordered a halt to bonuses and all other remuneration, apart from salaries, for PTL's 2,000-member staff. Said Falwell, who earns $100,000 a year from his Lynchburg ministry: "I don't think any reasonable person could believe these salaries are acceptable. In my opinion, no ministry in America pays pastors...
...some $10 billion while continuing to appeal the 1985 Texas judgment. Protecting itself from such an appeals decision had been a vital factor in Texaco's decision to flee into bankruptcy. The Houston hearing was stayed after Texaco lawyers argued that the Chapter 11 filing triggered an automatic halt to other legal proceedings. Pennzoil officials said they might challenge the bankruptcy petition, but at week's end they had not done...
...unlikely to become a long-term trend. Contends Lyle Gramley, chief economist for the Mortgage Bankers Association of America: "There is no reason for interest rates to continue going up. That would slow the economy so much that the run-up wouldn't be sustained." But the abrupt halt to the flow of ever cheaper mortgage money might handicap an otherwise healthy homebuilding industry. Last week the Commerce Department reported that housing starts during March fell to an annual rate of 1.77 million, a 3.2% drop from the previous month...
...calm foreign-exchange markets, but it had exactly the opposite effect. After the latest Washington communique, a wild , selling spree pushed the value of the dollar down at week's end to 142.50 yen, a 40-year low against the Japanese currency. Indeed, after the Paris declaration failed to halt the dollar's slide, there was no reason to believe a vague reiteration of the same policy would have much impact...