Word: summiteering
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...days later, negotiators in Tokyo announced agreement on the awkwardly named Structural Impediments Initiative, which commits Japan to boost spending while the U.S. cuts debt. The agreement will permit Bush and Kaifu to enter next week's seven-nation economic summit in Houston having made progress not just on specific trade issues but also on ways to improve the basic economies of the two countries...
...FOLKS THAT LIVE ON THE HILL by Kingsley Amis (Summit; $18.95). Britain's sharpest satirist has not lost his edge in this social comedy about a retired librarian who is busier than ever coping with modern inconveniences...
...strong hint of change came three weeks ago, when the leaders of South Korea and the Soviet Union met for the first time. The summit between Roh Tae Woo and Mikhail Gorbachev demonstrated how far both nations have come: trade between Seoul and Moscow is expected to reach $1 billion this year, and diplomatic relations are pending. Despite its ties to the North, the Soviet Union needs investment and trade from Seoul more than it needs to help sustain one of the world's last holdouts against reform...
...have more cause for concern in the abrupt shift by the Soviet Union. While Moscow continues to provide arms, relations between the two nations began cooling well before Gorbachev's summit with Roh. In April Radio Moscow broadcasts criticized North Koreans as "completely brainwashed." Soviet officials accompanying Gorbachev to the summit could barely conceal their impatience with Pyongyang...
...foundering tanker spews oil off the Texas coast while Congress dithers over a bill to create rapid-response cleanup teams. Even the President admits the need for a budget-and-tax compromise, but a heralded bipartisan summit has so far failed to produce even an agreement on how large the federal deficit really is. Flagrant political scandals -- most notably, craven sellouts by lawmakers to the savings and loan industry -- raise new calls for campaign reforms, but the effort is going nowhere. The decline of the nation's schools produces gusts of rhetoric but not one serious education reform...