Word: import
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Dates: during 1980-1989
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...contrast to $125 million the previous year. The industry piled up total profits estimated at $2 billion in 1988, and is expected to match that performance this year. But the revival has ignited a bitter lobbying battle between Big Steel and its customers. The $ mills claim they need import restraints to keep the good times rolling. But major buyers, notably the manufacturers of automobiles and heavy machinery, argue that such protectionism is inflationary and vow to oppose it in Washington...
Nonetheless, Japan has made solid progress in overhauling its economy to help ease the trade imbalance. The country is phasing out protectionist quotas on U.S. beef and citrus products, for example, and has opened its construction market to foreign bidders. Japan imported 48% more U.S.-made computers and office equipment in 1988 than in the previous year, and 55% more semiconductors and telecommunications equipment. "A massive structural change has taken place in the Japanese economy," says economist Noriko Hama of the Mitsubishi Research Institute. "We are much more import-oriented than we were a couple of years...
After years of good, gray Masterpiece Theatre dramas, this three-hour import from Britain's innovative Channel 4 comes like a bracing wind from the North Sea. No decorous Edwardian soap opera, no fine period costumes, no tasteful cello music. This is a crackling, contemporary political thriller, directed at headlong speed by Mick Jackson from a witty, clued-in script by Alan Plater. The dialogue is dense, often overlapping, sometimes unintelligible. Compared with such relatively simpleminded American efforts as the NBC mini-series Favorite Son, A Very British Coup seems revolutionary in its own right: a TV political drama...
...based on concerns that animal growth hormones might be hazardous to humans. Reagan Administration officials insist that there is no scientific support for the claim. But under pressure from consumer groups, Italy, West Germany, the Netherlands and Belgium have banned the additives, which prompted the E.C.'s import restriction. While the U.S. has stood firm on the issue, other meat exporters (New Zealand, Brazil, Argentina and Australia) have agreed to ship only hormone-free beef to Europe...
...those shows would seem a godsend to the Wan White Way of the '80s. With three striking exceptions -- Dreamgirls, Big River and Into the Woods -- pretty much every noteworthy musical of the decade has been a revival, a recycling of old songs, an import (generally from Britain) or a critical smash but commercial also-ran. The current season, which by Broadway's calendar began in May, is more miserable than most. Its first American musical, Carrie, actually a slightly postponed holdover from last season, closed within five performances at a record loss of $7 million. The sole entry since, Legs...