Word: surplus
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...Japanese companies regularly sell the dollars they earn trading with the U.S. for yen to pay off workers, stockholders and creditors in Japan. The pressure might be eased by a Tokyo government with the will and staying power to negotiate a trade deal that would reduce Japan's trade surplus with the U.S. -- but the bizarre coalition government cobbled together last week hardly qualifies...
...much debate over where that level is and whether it has changed in recent years. The consensus is that it's around 6% -- about where we are now. But Reich argues that retraining can reduce that natural rate of unemployment by helping workers move from areas of labor surplus to areas of labor shortage. It puts off the moment in any boom when the Fed has to blow the whistle...
...entirely deserved after the adoption of NAFTA and significant deficit-reduction measures -- much of Washington was concerned last week that Rostenkowski's plight would deprive Congress of a rare power broker who helped push through the 1986 tax-reform bill and NAFTA. "No capital ever has a surplus of politicians with those qualities," the columnist David Broder lamented last week in the Washington Post. "Seeing him brought down . . . is a citywide sorrow...
Restraints placed five years ago on the amount of outside income lawmakers could earn from speechmaking and other pursuits also made surplus campaign contributions a more important source of extra cash. Congress tried to regulate those in 1991 but without complete success. For much of the past year the Federal Election Commission has tried to define such matters as what is official use for a car and what is personal. The Senate version of a campaign- finance-re form bill now awaiting action seeks to regulate such spending more tightly. The House version does...
NAFTA News: "January trade statistics revealed that in the first month of NAFTA implementation the U.S. trade surplus with Mexico nearly doubled from December 1993. U.S. exports increased $400 million...