Word: smaller
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...China, meanwhile, it is fashionable to blame U.S. trade deficits on the debt-addicted ways of American citizens and their government. There's an element of truth to this too. If the U.S. borrowed and spent less, its trade imbalances would be smaller. But China has been enabling this profligate behavior for years by buying trillions of dollars in U.S. government debt and mortgage securities as part of its continuing effort to - you got it - keep the yuan from appreciating too much against the dollar...
...reminiscent of the seemingly endless wrangles in the late 1980s and early 1990s with Japan, which accounted for the bulk of the U.S. trade deficit in those days. The trade deficit with Japan never shrank much in dollar terms, but it became smaller as a share of GDP starting in the mid-1990s, and was eclipsed by the trade imbalance with China in 2000 (in September the U.S. trade deficit with Japan was $4.1 billion, compared to $22.1 billion with China). The issue was never resolved, but it ceased to seem so important. Could that happen with China...
...countries of Southeast Asia, plus India, Australia and New Zealand. Hatoyama - who recently opined that "the era of U.S.-led globalism is coming to an end" - suggested this zone have its own common currency and could some day "lead the world." Less ambitiously, China has suggested a smaller group that would include Southeast Asia plus Japan, China and South Korea. (See how to know when the economy is turning...
...performance’s most evocative moments remained those which showcased the talents of individual dancers; large group dances were often slightly out of sync and less elegant than smaller, more intimate pairs of dancers. However, the cameo performance by the Harvard Irish College Dancers “Corcairdhearg,” simply entitled “Rhythm of Ireland,” remained buoyant and well-arranged in spite of its large size. A small group of dancers bounced up and down effortlessly, moving only their legs in a fluid, precise line dance. Then, the rest of the company...
...part of the Crimson’s efforts to move to a smaller, three-guard lineup, the sophomore center Wright didn’t play most of the second half, and his absence was noticeable...