Word: shoes
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World-class milers, the heroes of track's glamour event, have for years been among the best-paid amateurs. Few have pulled on their running shoes for less than $1,000. Pole vaulters have been paid bonuses of $100 for every inch they soar over 17 ft. 6 in., a height easily within the range of top performers; the world record is 18 ft. 8¼ in., and the vaulters can pick up a tidy sum before the going gets serious. One former Olympic medalist once hinted to a shoe manufacturer that he wanted...
Next on the Carter-Strauss trade agenda is an agreement on the shoe problem, which politically is even more explosive than TV sets. Says one White House official: "TV has maybe two dozen Senators. Shoes have 80 Senators." Since 1968, lower-priced imported shoes have captured 46% of the U.S. market. Result: 300 American shoe factories have been forced to close, ending 70,000 jobs. While Congress has been clamoring for tariffs and quotas to protect what remains of the U.S. shoe industry, Strauss has negotiated a tentative agreement with two big exporters to the U.S.-Taiwan and South Korea...
...Mario, the V-Club cook, serves up a plate of scrambled eggs that look like those rubber gimmicks that you lay on the floor to gross out the girls in the sixth grade and with that comes your "steak," a sad old piece of meat that chews like old shoe leather, so you don't eat much of anything and you are already so nervous that you really weren't hungry anyway...
...bank safe-deposit boxes or hiding places called "traps." Anthony ("Fat Tony") Salerno, a gambler and loan shark who was indicted last week on charges of running a $10 million-a-year numbers operation in Manhattan, used to keep more than $1 million in small bills packed in shoe boxes stacked from floor to ceiling in a closet of his apartment on West End Avenue...
That still leaves much to talk about. Protectionist sentiment is on the rise in the U.S. and Europe, though Carter's refusal in March to impose higher tariffs on shoe imports is seen as an effective countering force, at least in spirit. Indeed the Europeans and the Japanese are by and large encouraged by what they have seen of Carter so far. Says one top European policymaker: "I detect a world approach that is very impressive." The President hopes to revive the bogged-down Tokyo Round of tariff-cutting trade negotiations begun two years ago in Geneva. Says...