Word: importers
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...billion is second only to Brazil's $96 billion, poses a potentially worse problem for the U.S. than the turmoil in Central America. The reason: many countries are being forced to impose harsh austerity measures that create social unrest. The Mexican delegation specifically asked Reagan to ease import tariffs on such Mexican products as steel and leather goods. Administration officials were somewhat unsympathetic, arguing that Mexico's markets are far more protected than those of the U.S. Mexico, for example, sells some $40 million worth of beer to the U.S., but bans American beer from entering the country...
...from the bus to examine the hull of the bank's burnt-out structure, which peasant and student volunteers were reconstructing. An International Harvester tractor rusted beside several new Russian counterparts. An elder bystander complained to me that he preferred the U.S. machine, but that Ronald Reagan blocks their import. I could not help but wonder how laid-off International Harvester workers in Rock Island. Illinois or Fort Wayne, Indiana would react if they were aware of this wasted opportunity...
...unimportant. The story won the competition for coverage with a variety of interesting events. But how and why the press chooses its stories, and consequently how people view those events, leaves much to be desired. Network competition for ratings and newspaper circulation drives may be undermining the most important goal of journalism--to objectively report world events of import rather than to cater to the demands of a sensationalism-hungry audience...
...Ending import curbs would threaten the auto companies' high-octane recovery. Sales of U.S.-built cars surged 36% in the last ten days of April, and the industry expects a record $10 billion profit this year. It is in this atmosphere that Detroit paid out a grand total of $314 million in bonuses for 1983. General Motors paid bonuses that averaged $31,289 to 5,807 executives, while Ford gave an average of $13,372 to 6,035 managers. If shareholders agree, Chrysler plans bonuses that average $35,222 for 1,465 executives. Says Ford Chairman Philip Caldwell...
...than 50% in 1985. Ford and American Motors would suffer the worst setbacks because they have made no deals to distribute Japanese cars. Chrysler might be able to maintain its market share by selling more models from its Japanese partner, Mitsubishi. The only company to favor a removal of import curbs is General Motors, which plans to sell Suzuki and Isuzu cars through its Chevrolet dealers...