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...regards the 1848 Treaty of Guadalupe-Hidalgo as a "triumph of diplomacy." Force of arms, not diplomacy, was the means by which the U.S. stripped Mexico of half of its national territory. Today the U.S.'s regional hegemony depends on ownership of advanced technology, "credit diplomacy," preferential tariffs, import quotas, trade embargoes, and the politics of profit repatriation...
...several reasons. First, they reversed two years of disastrous sales decline that had led some critics of Detroit to believe, mistakenly, that the American public's longstanding love affair with the auto was ending. Second, buyers turned away from foreign cars to snap up the American makes. Import sales actually declined in 1976 to 14.3% of the total market, their smallest share in four years. Two reasons: imports are heavily concentrated in no longer popular small cars, and the rising value of the German mark and the Japanese yen has pushed prices up sharply...
...source of energy is becoming not only prohibitively expensive, but its import is a drain on our economy. Why then is there silence about the use of alcohol as fuel for automobiles in place of gasoline? Its effectiveness has been established over the years by its use in racing cars. Studies show that it is at least equal to gasoline in its efficiency, creates less pollution, can be used in existing engines with only minor adjustment, and can be abundantly and cheaply produced...
Once heavy buying does resume, no one really knows what will happen. The key will probably be how much extra oil importers can buy from Saudi Arabia and the Emirates. The Japanese, for example, hope to hold the average price increase on oil they import to 6.5% by switching orders to the lower-priced producers. The six major private oil companies in Japan are suggesting that they may delay scheduled sailings of supertankers to Iran and other high-priced countries in hopes of diverting them to Saudi Arabia or the Emirates...
...been viewed as too little, too late. In November, over lunch in Brussels, European Commissioner Finn Olav Gundelach warned Japanese Deputy Foreign Minister Bunroku Yoshino that Japan would have to submit a comprehensive plan to right the trade imbalance or face retaliation. The Europeans, for example, could slap extra import duties on Japanese goods that they suspect are being "dumped"-that is, sold in Europe at lower prices than in Japan...