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...reduce the current $200 billion budget deficit. Perhaps half of this year's projected $150 billion trade deficit will be caused by the strong dollar, which is the result of the budget deficit. Some legislation should also be re-examined to make sure that it does not hinder trade. Example: antitrust rules that overrestrict cooperation among U.S. firms. Finally, the Government should take a tough stance when countries violate trade rules. In the past, the U.S. has turned a Nelson's eye to many trade violations because the deficit was small and tolerable. Even though those restrictions...

Author: /time Magazine | Title: Essay: The Job Ahead for U.S. Business | 10/7/1985 | See Source »

...Five hours of discussion had failed to dissipate a growing malaise between Paris and Bonn, much less restore the intimate Franco-German relationship that flourished under ex- President Valery Giscard d'Estaing and former Chancellor Helmut Schmidt. The current differences, over trade talks and agricultural prices, seem certain to hinder progress toward greater West European unity. More important, on the prickly issue of Star Wars and Ronald Reagan's invitation to West Europeans to join in the U.S.'s Strategic Defense Initiative research program, the best that could be said after the summit was that the two European leaders agreed...

Author: /time Magazine | Title: Summits Damage Control | 6/10/1985 | See Source »

...keep corporations (and perhaps some high- income individuals as well) from piling up deductions so that they pay no federal income tax at all. Many highly profitable corporations have been able to do just that. Still, most of the reformers consider this a cop-out that would hinder enactment of fundamental changes. As Bradley told Packwood's committee: "If we reform the system, we won't need a minimum tax." To adopt one, he claimed, would be "an admission of failure." The minimum tax, however, has won general approval in the Senate, which passed a nonbinding resolution endorsing the principle...

Author: /time Magazine | Title: Reagan's Second Front | 5/20/1985 | See Source »

...improving relations between minorities and the white community. Instead of putting distance between groups, effort should be made to integrate minorities into the community. No one is denying that there are differences between minorities and the white community. There are differences, but they should enhance the community and not hinder it. The goal is to gain equal treatment for minorities. The method of obtaining this goal lies in greater public awareness...

Author: NO WRITER ATTRIBUTED | Title: Minority Harassment | 3/18/1985 | See Source »

...ethnocentric spokespersons among Black students like Anthony Ball, Timothy Wilkins, Alan Shaw, and Christopher Farley. But these counter reflections radiated more heat than enlightenment, and while I'm not against some heat in such discussions it should be used to sharpen and advance enlightenment--not obscure and hinder it. I have several comments to offer by way of rebuttal...

Author: NO WRITER ATTRIBUTED | Title: Cosmopolitan Defense | 3/12/1985 | See Source »

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