Word: surplus
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Dates: during 2000-2009
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...interest to both countries would be thoughtfully discussed. But no matter how much U.S. Treasury Secretary Henry Paulson and Chinese Vice Premier Wu Yi try to cast this week's summit as an intellectual exercise, the main issue confronting them is by no means academic. China's trade surplus with the rest of the world is now at a projected $400 billion, and there is no sign that it is going to shrink anytime soon. The surplus this year will be well above 10 percent of China's total economy, a level more typical of a small Persian Gulf...
...global trading system has a built-in mechanism, of course, to deal with a country whose trade accounts get seriously out of whack with the rest of the world: currencies adjust in value against each other. China, with its surpluses, should see the renminbi go up over time, while the U.S. (with its enormous deficits) should see the dollar decline. But China has defied this system by clinging to a more or less fixed exchange rate. It has, after all, served the country well: the cheap RMB has encouraged the development of China's export-led industries, and attracted foreign...
...then figures, not pictures, were what mattered to this Conquistador of Hollywood's global domination. Testifying (at astounding length) before the House Judiciary Committee in 1982, Valenti boasted that the U.S. movie industry "returned to this country almost $1 billion in surplus balance of trade." A decade later that number had tripled...
...fluctuate from week to week and year to year. The solution, therefore, is to develop a flexible budget—not for FiCom to throw up its hands and refuse to manage its money at all. It could, for example, allocate a weekly target and set aside a small surplus fund to cover particularly large packages. Or, it could use a monthly budgeting scheme to allow for particularly high and low weeks...
...Ally McBeal” is on at nine, and things are looking up for the twenty-first century. Why shouldn’t we smile? The cloning of Dolly the sheep has at last muted the virulent debate over bioethics, we’ve secured a budget surplus only a fool would deem exhaustible and the storm clouds of Cold War anxiety have retreated from view. America’s the prettiest girl at the dance. Of course, the news isn’t all sunny. Our national champion Michael Tyson dallied in cannibalism in a recent bout with Evander...