Word: harshly
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Back in November, Deputy Treasury Secretary Richard Darman startled the business community with a stinging critique of what he called the U.S. "corpocracy," management that was "bloated, risk-averse, inefficient and unimaginative." After such a harsh assessment of big business, it came as a surprise when Darman, 43, announced last week that he was leaving the Reagan Administration to become a managing director at Shearson Lehman Bros., one of the nation's largest investment-banking firms...
...harsh fact is that the effort to manage relations between the close friends and allies cannot improve while the U.S. trade balance remains so badly out of kilter. This year many economists foresee no more than a $30 billion improvement in the trade deficit, and quite a few see less. Even worse, the U.S. trade balance will have to improve more than the current deficit indicates because the country is now an international debtor. In the current issue of the quarterly Foreign Affairs, Harvard Economist Martin Feldstein, a former chairman of President Reagan's Council of Economic Advisers, estimates that...
...ordinary restaurants. An overabundance of oil is a complaint most Westerners make about the food. But to the Chinese, oil is a sign of opulence, and so it is often poured generously. Yet quantity seems less a problem than quality. In the cheapest restaurants oil generally had a harsh, acrid flavor, a result of either poor processing or having been reused. The practice is not uncommon in American Chinese restaurants. Those who are sensitive to MSG (monosodium glutamate) have an even more difficult time, for that flavor enhancer is virtually ubiquitous. The only solution would be to order Western food...
...also called for more spending on education and worker training. And he had harsh words for business school graduates who go on to lucrative Wall Street careers instead of working to increase the productivity of American industries...
While Reagan intended last week's sanctions to be harsh, the Administration carefully aimed them at the offending Japanese companies rather than U.S. consumers. Most of the products -- among them computer disk drives, refrigerators and electric motors -- are manufactured by the same giant corporations that the U.S. accuses of violating the semiconductor agreement: NEC, Fujitsu, Hitachi and others. Because the proposed 100% duties would effectively double the U.S. prices of those items, the Administration avoided choosing products in which Japan has a near monopoly, as in the case of videocassette recorders. The sanctioned products are manufactured by enough companies...