Word: import
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Dates: during 1980-1989
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They weren't. Most of the shots on Firing Line were blanks. The Somber Seven were all painfully earnest, briefing-book glib and unfailingly polite. But the few issue differences that emerged (primarily on trade and oil-import fees) were introduced almost apologetically with phrases like "with all due respect." Jesse Jackson and Delaware Senator Joseph Biden, the orators of the group, seemed to believe that flights of rhetoric would be unseemly at such a high-tone forum. Two of the technocratic moderates in the race, Missouri Congressman Richard Gephardt and Tennessee Senator Albert Gore Jr., were largely content...
...returned to its original emphasis on hard rock and heavy-metal bands, with softer ballads largely relegated to its sister service, VH-1 (available in 20.8 million homes). The channel's format has been diversified with more live programming, sitcoms (reruns of The Monkees and a British import called The Young Ones) and nonmusic inserts, like a series of reports on rock groupies. "We have changed directions," says MTV Entertainment President Tom Freston, successor to MTV Founder Robert Pittman, who left last fall to start his own media company, "from focusing on music alone to including life-style...
This objection fails on four counts. First of all, it is "their oil" in only a technical sense. It is true that the Europeans and Japanese import more gulf oil than the U.S. does. But oil is fungible, and the U.S. imports almost half its oil. Were the gulf shut down, our allies would have to get it + elsewhere, thus bidding up the price. If this resulted in a panic, as happened in the oil shock of 1979, all oil importers, including the U.S., would be badly damaged...
Some employers are attempting to import workers from the central cities, where unemployment rates can be triple those of the suburban counties. AT&T uses a fleet of buses to pick up mostly black manual workers at a subway station on the edge of Atlanta and ferry them to its plants and offices in Gwinnett County. But not many city workers can afford to drive to low-paying suburban jobs, and public transportation in most of the megacounties ranges from poor to nonexistent. In Fairfield County, traveling the 20 miles from Shelton to Norwalk means taking seven different buses...
...declining dollar, down in value by about 8% against major currencies so far this year, poses the greatest threat to such hopeful scenarios. The weakened greenback has contributed to an increase in inflation, since a falling dollar tends to drive up import prices. But most economists predict that consumer prices will rise this year by no more than 5%. Says University of Minnesota Professor Walter Heller: "I don't think the elements are there for inflation to feed on itself." Still, skittishness about inflation last week led to a dramatic spurt in the bellwether Commodity Research Bureau Index, as investors...