Word: summiteering
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...words for a tough woman. Yet as a leading Japanese politician would have it, Hills is more cute than competitive. Koko Sato, deputy secretary-general of the ruling Liberal Democratic Party, sat next to Hills for more than two hours during a dinner party at the recent Houston economic summit. Sato, 62, told friends he found Hills, 56, "easy to deal with if you lull her with the Oriental way of life and philosophy." He later described Hills to reporters as "charming and cute, just getting on a bit in age." Sato also noted that when he praised her husband...
Despite the warning, an Iraq-Kuwait war is considered unlikely. U.S. officials believe Saddam's verbal blast is part of his campaign to dominate the Arab world and a hard-nosed tactic to force other oil producers to back Iraq when OPEC ministers hold their biannual summit this week in Geneva. Still, officials do not dismiss the possibility that Saddam might back his words with action...
That agreement to disagree was evident on the most important topic the summiteers discussed: the high tariffs, domestic price supports and export subsidies used by many nations, including the entire Group of Seven, to protect their farmers from more efficient foreign competitors. Experts estimate that such protectionist measures cost the developed world's consumers and taxpayers some $245 billion a year. They also undercut the ability of poor countries to export their agricultural products. George Bush asked his summit partners to phase out government support for farm exports (not that Bush is sure he could sell such sacrifices to farm...
...open their markets to food exports, markets for industrial and service exports could soon close down. That could break the world into rival trading blocs, each dominated by the strongest economic power in the region. As British Prime Minister Margaret Thatcher observed, "There are three regional groups at this summit: one based on the dollar, one based on the yen, one on the deutsche mark...
Though the U.S. remains first among the industrial powers, its pre-eminence is slipping. Until recently, says a White House official, "we used to be able to precook these summit agreements" among the "Sherpas" who prepare the agendas for the heads of governments. These days, however, "everything of importance has to be decided by the heads of state, so they're doing real negotiating on the spot. It's like an open political convention where everybody's trying to line up votes...