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From your story "Lots of Smiles but Few Sales" [Oct. 16], it appears that the generous-but naive-foster parents have nurtured in Japan an avaricious monster. Perhaps it is time for manufacturers, labor unions and the "taxpayer revolt" to demand equivalent protective tariffs, import-license red tape, quotas, etc., for such a shrewd economic predator, who prospers hugely at our inflationary expense...
That flicker of a grin, so often at odds with the import of his words, had disappeared. That Southern lilt, so often muffling the ends of sentences, was almost gone. As President Carter appeared on prime-time television last week to proclaim and explain the long-awaited Stage II of his campaign to slow the inflation that has reached an annual rate of 10%, his manner and delivery befitted the solemnity of his subject. Seated at his Oval Office desk and reading from a prompter, the President vowed to try "to arouse our nation to join me" in the long...
...Democratic coalition, and practically everybody else as well. He gave in to-or actively encouraged -increases in the minimum wage, Social Security benefits, veterans' benefits, farm subsidies, civil service pensions, grants to states and a plethora of other payouts. He acceded to tariff increases or stricter import limits on sugar and steel, TV sets, CB radios and other products, thus sheltering domestic producers from competition and enabling them to get theirs-by raising prices...
...Heroes" leads off the final and most successful side. The Stages version, though it cannot approach the German-language studio import in poetry or sound, has a dramatic sound that showcases Bowie's vocal power effectively. "What in the World" and "Beauty and the Beast" are rockers which combine haunting power riffs with strong singing and enough electronic flourishes to give Bowie the feel...
...Japanese government had warned the Americans not to expect quick results. Yet the very fact that the mission was invited to Japan raised hopes that the barriers of high tariffs, endless import-icense red tape and discriminatory quotas were being lowered. The experience of the U.S. visitors was sobering. Quick fix trade deals like the one negotiated last January between the U.S. and Japan and whirlwind tours of businessmen are no way to solve the critical imbalances in world trade caused by Japan's insatiable urge to export and parsimonious reluctance to import. In fact, such cosmetic exercises only...