Word: largest
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Dates: during 1980-1989
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...rich nation, but it still lives way beyond its means. The Commerce Department reported last week that America had become the largest debtor in the world. Its net debt, meaning the difference in value between foreign holdings in the U.S. and American investments abroad, reached $107.4 billion in 1985. That figure put the U.S. ahead of Brazil ($94.1 billion) and Mexico ($93.1 billion). Japan, with net assets of $129.8 billion, became the world's largest creditor nation in 1985 because of its huge, recurring trade surpluses...
...broaden and bolster their U.S. operations, Japan's big securities houses have hired several of America's top moneymen. Last week Nikko, Japan's second- largest broker, scored a major coup. Stephen Axilrod, the Federal Reserve system's top staff official, said he is retiring to become vice chairman of Nikko's U.S. unit. Nikko is one of four Japanese firms bidding to become primary dealers in Treasury securities, which are bought and sold by the Federal Reserve as a way of controlling the U.S. money supply. But Axilrod stressed that he will do more than simply advise Nikko...
...four-day Liberty Weekend requires a litany of superlatives: it will feature the biggest fireworks display in U.S. history, the largest street fair ever in America, the greatest massing of Coast Guard and auxiliary vessels for a single event since World War II, the biggest security mobilization in New York City history. For David Wolper, the man who brought America Roots, North and South, and the ceremonies for the 1984 Olympics, less is less; more is better; most is best. His script calls for the President to light the statue on the night of July 3. On July 4, tall...
...cultural exchanges, curtailed government loans and stopped the sale of Krugerrand gold coins in the U.S., but Reagan opposes the adoption of additional measures. Moreover, the Administration argues that America's ability to influence the Botha government's policies is marginal, even though the U.S. is South Africa's largest trading partner. Still, Washington is clearly miffed at Pretoria's new crackdown, coming as it did at a time when the U.S. had hoped that Botha was becoming more moderate. Said Chester Crocker, the Assistant Secretary of State for African Affairs: "We think that what the South African government...
...Rhodesia. She believes that they would hurt black South Africans, not to mention the independent black states to the north (see box), long before they would have any real impact on apartheid. Thatcher is also obviously concerned about Britain's estimated $8 billion direct investment in South Africa, the largest of any nation, and the possible loss of 120,000 British jobs at home if total economic sanctions were adopted...