Word: surplus
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Economic forces on both sides of the Pacific have helped set off this international game of Monopoly. For one thing, Japan's incredible export machine has created a huge pool of excess capital. Japan's trade surplus with the U.S. in 1986 alone was $58.6 billion, and exchange-rate changes over the past two years havesharply boosted Japanese purchasing power in the U.S. The dollar has depreciated in value against the Japanese currency by some 40%, from 260 yen in February 1985 to 153 yen last week. That makes even Manhattan prices seem reasonable. Example: a building that cost...
...notorious for its triple-digit inflation earlier in the 1980s. As prices have leaped, interest rates have surged to more than 700%, dealing a devastating blow to business. Economists predict that Brazil's real growth rate will be cut in half this year, to less than 4%. The trade surplus, which provides the only cash the country has for paying interest, has dwindled from an average of $1 billion a month throughout much of last year to $129 million in January...
...have had a state surplus [in the budget] but we won't always have one," said Doran, and for that reason he fears that future state programs to aid students are endangered...
...dwindling numbers in later generations may not be enough to support the huge demands that the baby-boom generation will put on the Social Security system. Demographers predict that payroll taxes on baby boomers now entering their peak earning years will build a surplus of retirement funds that will sustain the Social Security system for a while. But by 2020 the amount coming in from the smaller cohort of workers behind the boomers will not be enough to cover costs. Says Ben Wattenberg of A.E.I.: "What you put into a Social Security system is babies, and what...
...have here in America a curious situation: we spend more on health care than other industrial nations, yet a larger percentage of our citizenry is without financial protection. At the same time we are told there is a surplus of physicians and hospital beds, millions of Americans lack assess to health care. Just as we have people going hungry in a land that could grow more food, so we have people who get sick unable to enter a system that could help them. We are far, and getting further, from equity of access...