Word: less
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Dates: during 1980-1989
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...consort Queen Charlotte went for $40,700. Still higher prices were expected this week in the sale of Warhol's modern and contemporary art acquisitions, although aside from several Jasper Johns, Roy Lichtensteins, Robert Rauschenbergs and the like, experts found this part of his collection far less impressive than might have been expected from the Prince...
...even if Nunn is willing, the less explored question remains: Is he the best choice? Geographically, the answer is yes. Intellectually too, Nunn fills gaping holes for the Massachusetts Governor, who seems to think a Midgetman is someone shorter than he. An acknowledged arms-control wizard, Nunn can move the pieces of the Pentagon around in his head as if it were a giant G.I. Joe set. He practically reorganized the place in 1986 as the ranking Democrat on the Senate Armed Services Committee...
...Tokyo's largesse is to counter U.S. complaints that Japan does not shoulder its fair share of international obligations. Japanese aid in 1986 amounted to 0.29% of gross national product, less than the OECD average of 0.35% but ahead of the 0.23% rate for the U.S. But while the U.S. sinks 6% of GNP into defense spending, much of which goes to protecting allies and international sea lanes, Japan devotes only...
...against countries that put up unfair trade barriers against American products. In the past, the White House could ignore findings by the International Trade Commission, a Government agency, that U.S. industries were being hurt by foreign competition. Under the terms of the trade bill, the President would have less latitude to disregard the commission's recommendations that these industries be given import relief. The bill would also require that the White House launch investigations of countries that maintain "numerous and pervasive" trade barriers and would authorize the President to retaliate against a broad range of exports from those nations...
...reason is that many foreign manufacturers have accepted lower profit margins rather than let their prices rise in proportion to the dollar's fall. Moreover, while the dollar has gone down by more than 40% against the Japanese yen and the West German mark, it has fallen much less against the currencies of South Korea and other newly industrializing countries of Asia, which account for an increasing share of exports...