Word: huges
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Dates: during 1980-1989
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...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 in the U.S. and other nations that consumers could turn to non- Japanese brands to avoid any huge price hikes...
...previous period. Part of Japan's difficulty in preventing rampant discounting of its chips is a severe glut in the $31 billion worldwide market for semiconductors. Several Japanese trading companies buy surplus chips from manufacturers inside the country and then sell them at huge discounts in other Far Eastern countries, a practice that Tokyo claims it is trying to control. Said Hajime Tamura, head of MITI: "((Reagan's action)) ignores all the efforts taken by Japan in faithfully adhering to the clauses of the agreement...
...makers just simply cannot lick their Japanese rivals." Japanese manufacturing costs are known to be very low, particularly for the mass-produced memory chips that make up about 18% of the market, since the Japanese have invested billions of dollars in building modern plants to turn them out in huge quantities. The American chipmakers acknowledge that they cannot make some types of chips as cheaply as Japanese companies can, but U.S. buyers of chips, as well as Pentagon officials, think it would be unwise to allow U.S. manufacturers to abandon making any important types of semiconductors. Moreover, U.S. chipmakers claim...
None of the celebrities, who filed jointly with their wives, were accused of any wrongdoing. But they may still have to pay huge sums in back taxes, penalties and interest. Sidney Poitier ended up with questionable deductions of $500,757, Michael Landon with $1 million, and his former Bonanza co-star Lorne Greene with $333,838. Producer Norman Lear, creator of All in the Family, has to answer for $1.5 million. CBS Chief Executive Laurence Tisch's deductions amounted to $1.1 million, while his brother Preston, the U.S. Postmaster General, benefited from a $480,508 write-off. The biggest...
...Piper to the rich in 1978 with a scheme that promised $4 in paper losses from securities trading for every $1 invested. He was only 24 when he started and 29 when the operation ended in 1983 amid lawsuits from angry investors who accused Atkins of having caused them huge losses. Many had felt queasy about trusting someone under 30, but were reassured by Atkins' plush, marble-floored offices at 500 Park Avenue, his impeccable grooming and the fact that his father was a well-known oil executive. The Tisches say they went along because their lawyers could find...