Word: important
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Dates: during 1980-1989
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...overvalued dollar, capital sunk in for the health of the New York stock market but not industry, then there will be pressure for protectionism." U.S. Senator Charles Mathias, a Republican from Maryland, also took the lead in voicing concern over protectionism, referring specifically to rising U.S. public pressures for import restrictions. "Protectionism is a serious problem that needs a high degree of understanding by the American people," he said. "We need all the help we can get from other countries of the alliance not to take protectionist measures that would feed the flame...
...Administration's commitment to free trade, however, has been shaky. While the White House has withstood the demands of groups like the lumber and machine-tool industries that it raise tariffs or slow the pace of imports, it last month increased, from 4.4% to 49.4%, the duty on large Japanese motorcycles, which have captured 85% of the U.S. market. That action came after a plea for help from the Milwaukee-based Harley-Davidson Motor Co., the lone survivor of 143 companies that once made motorcycles in the U.S. The Administration will soon face a new test of its free...
While everyone in Washington is worried about Grenada's exporting revolution, the island is having enough problems trying to import it. English may still be the first language of the island, but it often comes off second best when it comes to translating socialist slogans. The revolution communicates by billboard in the way that Californians do by bumper sticker, posting its noble but often mind-numbing reminders at almost every road turning and intersection: THE LAND IS OUR WEALTH, EDUCATION IS OUR LIBERATION, WORK HARDER, GROW MORE FOOD, BUILD THE REVOLUTION. With equal alacrity, the Grenadians have adeptly copied...
Presidential Candidate Walter Mondale calls it "one of the most important works of the decade." Says Senator Gary Hart, another Democratic hopeful: "Few books on economics are bold enough to capture one's imagination. This is one." The object of the praise is The Next American Frontier (Times Books; $16.60), a provocative new analysis of America's economic ills by Robert Reich, 36, professor of business and public policy at Harvard's Kennedy School of Government. Searching for alternatives to laissez-faire Reaganomics, the activist Democrats have found an intellectual mentor in Reich, who argues that Government...
...Christmas, WallWalker put fun into a lot of kids' stockings and profits into Hakuta's account. The toy, called Tako (for octopus) in Japan, costs about 20? to make. Hakuta buys them for 30? to 35? each, packages and airfreights them to the U.S., pays the import duty (12.3%) and sells to wholesalers or retail stores for between 70? and 80?. Thus he averages a 40? profit on each toy. So far, Hakuta has spent nothing on advertising or promotion. "It just goes to show you don't have to be a big company like Mattel...