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...Meanwhile, there were further indications that Japan was succumbing to regional woes: The government reported that Japan's trade surplus was up 59 percent in November from the previous year, yet exports to Asian neighbors dropped for the first time in more than three years. The reason: Weaker Asian currencies are making Japanese goods more expensive, while slower economic growth in nearby countries is cutting into demand for goods...

Author: /time Magazine | Title: Japan's Short-lived Recovery | 12/18/1997 | See Source »

...thing you know, students' outlook on the whole Harvard experience softens up. I am not saying single-ply should no longer be available. If you are concerned about saying paper, or for some reason like that sandpaper-feel (and I don't want to know why), stay with Scott Surplus. But if Harvard claims to care about us, two-ply must be available. You don't think Dean of Students Harry R. Lewis '68 goes home to one-ply every night...

Author: By Geoffrey C. Upton, | Title: Idealism Takes a Tumble | 12/16/1997 | See Source »

...kept prices artificially low. The reaction in East Asia hasn't yet escalated to rock throwing. But in October, amid the threat of massive demonstrations, the Thai Prime Minister rescinded a fuel-tax increase that the government had adopted just three days earlier to satisfy an IMF-mandated budget surplus. "There is no long-term solution for the common people," laments Somsak Kosaisook, secretary-general of Thailand's public-employees union. "They have to bear all the hardships of higher prices and unemployment...

Author: /time Magazine | Title: IMF TO THE RESCUE | 12/8/1997 | See Source »

...country. That would cause China's leadership to rattle its sabers at the island, as it did in 1996, almost certainly drawing the U.S. into a conflict. Next shoe: Beijing, which holds about $100 billion in U.S. Treasury securities, largely as a result of its huge trade surplus, could threaten to unload them, causing a major downturn in U.S. financial markets...

Author: /time Magazine | Title: WORST-CASE SCENARIOS | 12/8/1997 | See Source »

...years. The stock market, which lives in fear of good news on jobs, clenched its teeth and went up anyway. President Clinton says he's meeting with Republican leaders to discuss a tax cut - because if the economy holds up, the 1999 budget may just run a surplus...

Author: /time Magazine | Title: America's Latest Golden Age | 12/5/1997 | See Source »

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