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...trying to encourage Japanese investment in his state. Says Carter to the group: "I told Premier Fukuda when I saw him recently that I would like Japan to share its great wealth. We would like to have you invest here. It's hard for me to avoid greater import restrictions when there is such an imbalance of trade between our countries...
...such a mind. The bankers can't even follow." Adela spun sugarplum stories of wonderful "deals" through which she could help people multiply their money by buying land in Spain and selling it for huge markups, or by shipping Japanese cars to Indonesia, or by getting into the import-export trade. And a lot of folks, credulous and captivated, begged to get in on the action...
Letters of credit facilitate the transfer of money from foreign banks to American banks when foreign companies import American goods...
...relates: "I couldn't believe the conversation. Most journalists of power are part of a culture that is almost all 'off the record,' constantly swimming in a sea of information the rest of us don't get to see." If Scheer himself heard something of import at a dinner party, he would "violate that civilized behavior and maybe not get invited to any more parties." On the same grounds, he asserted his right to break confidences. These remarks enraged the Times's Washington bureau...
Brings Tears. Carter has not entirely done away with the usual White House practice of reaching to Hollywood or Broadway for entertainment at black-tie evenings, but he has managed to import classical stars like Pianist Rudolf Serkin, who played at the state dinner for Mexican President Lopez Portillo, and the Juilliard String Quartet, which played during Inaugural festivities in the East Room. After the guests had departed. Carter apologized to the quartet for not being able to give his full attention to the music and asked if they would perform an encore. Following a stirring rendition of a movement...