Word: high-tech
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Writer-director Lowenstein uses glossy images and clever camera angles to give the movie a slick, high-tech look in the same vacuous MTV style of his INXS videos. The movie looks great, but is so hopelessly vapid that it hardly matters. This emptiness is due to Lowenstein's complete neglect of some of the niceties of movie-making--plot and character...
...circumstances the sale of IBM computers to Transnautic Shipping, a company based in West Germany, might serve as a stirring example of America's ability to compete overseas. Transnautic, a Hamburg firm that coordinates ship traffic in the West German port, has been a satisfied customer indeed, buying many high-tech IBM products over the past decade. But last week the Transnautic-IBM connection gained unwanted notoriety as a symbol of the internal dissension that marks the U.S. Government's campaign to protect America's high-tech secrets. Reason: 51% of Transnautic is owned by the Soviet Union...
...Customs Service has made technology smuggling a high priority. Through a special project called Operation Exodus, started in 1981, the agency is pursuing more than 800 cases of high-tech thievery and arms smuggling. In one recent case, Customs unraveled an alleged plot to smuggle a sophisticated side-scan sonar device, an invaluable tool for tracking submarines. Made in New Hampshire, the device was bought by a Louisiana firm and shipped to Norway, then to Japan. A Japanese company was installing the device on a Soviet fishing trawler when officials closed...
...more discriminating about which exports to control. Billions of dollars in high-tech business is being lost to foreign rivals because overseas buyers are wary of America's far-reaching restrictions. Last year the U.S. posted a deficit in high-technology trade -- $2.6 billion -- for the first time ever. In 1980, by contrast, America had a high-tech surplus of $27 billion. "We ought to be placing higher fences around fewer items," says Jim LeMunyon, senior manager of government relations for the American Electronics Association...
...building. In a notable change of philosophy, the U.S. recently went along with a COCOM decision to remove controls on shipments of personal computers. Likewise, the two trade bills approved by the House and Senate both contain provisions that would prevent the Government from restricting U.S. sales of high-tech items that other industrial nations already sell on the open market. The movement will no doubt meet some resistance. North Carolina Republican Senator Jesse Helms is threatening to block the confirmation of C. William Verity, President Reagan's nominee to become Commerce Secretary, on the ground that the former steel...