Word: imported
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Volcker argued that the dollar has already fallen far enough. While its decline promises to help narrow the trade deficit, a continued plunge could send import prices surging and spark increased inflation. That is one threat the Fed chairman cannot afford to underestimate...
...FIRST step I made was to put my best foot forward, ideologically-speaking. I hitched a ride with a quasi-legal import-export merchant to Nicaragua and then took an arms freighter to Cuba where I was able to register with the Comintern and buy some identification papers. I was now Rutger Gorbachev, long lost grand-nephew, twice removed, from the Soviet premier. I figured the pull might be useful later...
...creative types--are naturally predisposed to believe in the power of ideas, particularly their own, so the tendency to overrate their impact is not surprising. And nuclear war is the ideal intellectual stomping ground to let loose pent-up speculative urges. It's a problem of literally earth-shattering import, it's endlessly debatable, and best of all it's completely hypothetical. No one every fought and nuclear war, or even came all that close to fighting one, so experts can only guess and guess again about the issue. And once you've mastered the lingo of kilotonnage and force...
...Board may once again find itselfimmersed in controversial policy issues. Somealumni favoring divestment are working toreinvigorate the Board by forcing it to considerissues of political import. Saying the overseersrepresent a chance for democracy in the governanceof Harvard, a group calling themselves AlumniAgainst Apartheid (AAA) will this week submitpetitions to get a slate of pro-divestmentcandidates on this year's overseers ballot...
...tide of imports has badly hurt domestic production. Along with its fourth-quarter figure, the Commerce Department announced last week that growth in the gross national product was a sluggish 2.5% in 1986, the lowest rate since the 1981-82 recession. The slump in the dollar's value, though, could prove to be less than a cure for that malaise. As the dollar falls and import prices rise, U.S. inflation could be rekindled. That in turn could lead to an increase in U.S. interest rates, which would hardly stimulate the economy and might blight the stock market's further advance...