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...Democrats zeroed in on another factor: the U.S. trade deficit, which hit a record $148.5 billion last year and is running even higher in 1986. Their purpose seems to be to build support for import-limiting legislation. But the trade deficit has hurt farmers, who have lost foreign markets, and smokestack industries, beset by import competition, far more than service and high-tech businesses...
...steel-dependent Pennsylvania (which lacks a coastline but is considered part of the Mid-Atlantic region). Nor is all gloom in the heartland. Michigan, one of the most depressed states a few years ago, has achieved a remarkable turnaround, thanks to heavy spending by the auto companies to battle import competition and successful efforts to attract electronics and other high-tech industries...
...Iran remains hobbled by a failing economy. This year's collapse in the price of crude, which accounts for 90% of the country's foreign exchange, has cut its projected 1986 oil revenues from $17 billion to less than $7 billion. That could prove devastating to a nation whose import budget this year is $10 billion. In recent months, stores in Tehran have been chronically short of such staples as butter, rice and lamb. Even economic hardship, however, can serve the regime's interests. Authorities promised one man who was desperate to obtain a TV set that he could have...
Wyeth's disclosure, tucked unobtrusively into the fourth paragraph of the magazine's story, created hardly a ripple. It was exactly a year, and the September 1986 issue of Art & Antiques, before the import of Wyeth's remarks became strikingly clear. The closing of the circle came last April, when Schaire was visiting Pennsylvania for another story and met with Peter Ralston, a photographer and friend of the Wyeths'. Ralston told him to get in the car, he had a "surprise" to show him. An hour later, Schaire was poring over the 240 works that are now the talk...
...iron, and said she would accept "voluntary" restrictions on new British investment and the promotion of South African tourism. For the other six leaders present, this was nowhere near enough. Together they endorsed a set of sanctions proposed at a previous Commonwealth gathering that included a ban on agricultural imports, new investment and air links. For good measure, they added a ban on new bank loans and the import of uranium...