Word: state-run
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Individuals are not the only ones eager to earn extra money. Under Deng's reforms, most state-run businesses and government agencies are expected to turn a profit. An aircraft factory in Xi'an runs a marriage-introduction center that does a booming business serving the needs of hundreds of well- educated women who by their late 20s are desperate for husbands because men with less schooling are reluctant to marry them. In Chengdu the Xinhua bookstore owns a flower shop, a hair salon and a clothing boutique whose manager gets his goods from "a guy in Shanghai...
...then appointed the selfproclaimed guru of free-market economics in Argentina, Alvaro Alsogaray, to be his leading economic adviser. Ignoring the opposition of the telephone unions, Menem gave Alsogaray's daughter the task of privatizing the state-run telephone company that has for years been ridiculed by Argentines, who have a host of horror stories to tell about how tough it is to make routine local calls...
...Menem can successfully implement the necessary economic reforms (privatizing the woefully inefficient state-run enterprises that cause the massive state deficits, allowing the central bank greater autonomy in setting monetary policy and overhauling the primitive system of tax collection that enables economic elites to get a free ride) Argentina will likely recover, though the process will inevitably be very long and painful for the nation...
Never mind country dachas or four-door Ladas. Soviet authorities figure the best incentive for greater agricultural yields is U.S. dollars or British pounds or German marks. Under an experimental program announced last week, the government will pay foreign cash to growers on state-run farms for excess harvests of wheat and other crops. The hard cash will enable farmers to purchase goods that no amount of rubles can buy, such as sophisticated farm equipment -- or videotape recorders...
...offer was made in Jerusalem earlieryesterday by Defense Minister Yitzhak Rabin, in anannouncement broadcast on state-run Israel radio...