Word: importers
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Some employers are attempting to import workers from the central cities, where unemployment rates can be triple those of the suburban counties. AT&T uses a fleet of buses to pick up mostly black manual workers at a subway station on the edge of Atlanta and ferry them to its plants and offices in Gwinnett County. But not many city workers can afford to drive to low-paying suburban jobs, and public transportation in most of the megacounties ranges from poor to nonexistent. In Fairfield County, traveling the 20 miles from Shelton to Norwalk means taking seven different buses...
...declining dollar, down in value by about 8% against major currencies so far this year, poses the greatest threat to such hopeful scenarios. The weakened greenback has contributed to an increase in inflation, since a falling dollar tends to drive up import prices. But most economists predict that consumer prices will rise this year by no more than 5%. Says University of Minnesota Professor Walter Heller: "I don't think the elements are there for inflation to feed on itself." Still, skittishness about inflation last week led to a dramatic spurt in the bellwether Commodity Research Bureau Index, as investors...
This cruel form of happiness and justice has, of course, inspired a worldwide campaign against South Africa. After years of prodding by protest groups, the U.S. Congress in 1986 banned new corporate investment in South Africa and stopped the import of South African steel, iron, coal, uranium and textiles, as well as the export of computers and petroleum to that country. Similar punishments have been imposed by the European Community, the Commonwealth and Japan...
...conversations with Nakasone and other officials in Tokyo, U.S. Trade Representative Clayton Yeutter and Agriculture Secretary Richard Lyng urged Japan to act quickly to open markets. Still, the Japanese refused to discuss with the U.S. any lifting of an import ban on rice, a staple of the local economy. Said Lyng: "We are not going to wait forever...
...gaffe-free campaign that provides scant fodder for his hungry rivals. Perhaps his only strategic error was to neglect the Iowa battleground for much of 1986. But Hart's Senate record wins Democratic applause, especially his consistent opposition to Reaganomics and his long advocacy of an oil-import fee. Hart's speeches have grown more evocative and thematic; technocratic details are now left to his position papers, which are voluminous enough to satisfy anyone's hunger for beef...