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While putting a squeeze on workers, the steel companies continued their campaign in Washington for greater protection from imports, which have captured 19.6% of the American market. Though Western Europe and Japan have curbed their steel exports to the U.S., a new wave of shipments is flowing in from Brazil, South Korea and Mexico. Steel executives argue that these exports are subsidized by foreign governments and that the U.S. should retaliate with import quotas...

Author: /time Magazine | Title: Cheers for a Banner Year | 1/2/1984 | See Source »

...shoots a hole in the bottom of the boat, does it make sense for the other partner to shoot another hole? There are those who say yes and call it getting tough. I call it getting wet." In practice, however, the White House too often bowed to pressure for import barriers. The Government hiked the tariff on heavyweight motorcycles from 4.4% to 49.4% to shield the last U.S. manufacturer, Harley-Davidson, and imposed tighter import controls on textiles...

Author: /time Magazine | Title: Cheers for a Banner Year | 1/2/1984 | See Source »

...aging instructor at an English school for foreigners, is one of nature's near misses: a decent mediocrity, for whom other people's crises are mere whispers in the anteroom of his mind. In Remak Ramsay's off-Broadway performance, Simon Gray's British import found the perfect pitch of melancholy...

Author: /time Magazine | Title: Theater: THE BEST OF 1983: Theater | 1/2/1984 | See Source »

Robert Crandall, a senior fellow at the Brookings Institution in Washington, agrees that setting up import barriers is futile. "Shutting down a product flow in one direction simply means that steel comes in from some other country," he said. "We cannot raise prices in the U.S. relative to the rest of the world and then complain about the deindustrialization of America...

Author: /time Magazine | Title: Old Headache | 12/19/1983 | See Source »

...head with an iron pipe," said one defense attorney, Theo Mitchell. "The sentence shocked everyone in the courtroom-the clerk, the solicitor, the sheriff, even the victim." As for Defendants Roscoe James Brown, 27, Mark Vaughn, 21, and Michael Braxton, 19, "they really didn't understand the import at first," said Glenn W. Thomason, another defense lawyer. "They thought he meant sterilization. I explained that he meant cutting their testicles off. That put them in a state of shock, to put it mildly." Nevertheless, the three are so terrified of a long prison term that they are seriously considering...

Author: /time Magazine | Title: Law: Castration or Incarceration? | 12/12/1983 | See Source »

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