Word: surplus
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...since the country's emergence as a major industrial power in the decades that followed World War II. Ironically, the Prime Minister wants to reverse some policies that have helped produce his nation's extraordinary economic might. That strength was developed mainly through exports. But Japan's huge trade surplus, which now stands at $61.6 billion, has aroused worldwide calls for trade protection and stirred deep resentment against the increasingly isolated island nation. To halt those trends, Nakasone strenuously urges his countrymen to export less and import more and to produce more goods for the Japanese market...
...part to his computers, Sununu was soon able to deliver on a traditionally unkept campaign promise: he balanced the state budget without new taxes. Using financial analysis software programs to enforce strict fiscal discipline, Sununu turned the $41 million deficit he inherited in 1982 into a record $47.8 million surplus last year. He also streamlined the flow of budgetary data and reorganized New Hampshire's financial reporting systems so that records of all revenue and expenditures were channeled into the state's big IBM mainframe computer. Loading data from the mainframe into desktop machines and analyzing the numbers with Lotus...
Sensing an issue ready for exploitation, House Democrats, led by Speaker Tip O'Neill, crafted a bill that would mandate retaliatory action against any major trading partner of the U.S. that achieves an "excessive trade surplus" through what are perceived as unfair means. Said White House Communications Director Patrick Buchanan: "It's definitely going to help some Democrats on a local basis...
While more than two-thirds of the budget isunrestricted, $51.6 million is limited bydonations that trickle in over time or donorstipulations on how the money is to be spent, saidCorvey. This amount runs a $4.9 million surplus,compared to the unrestricted fund's $600,000deficit...
Among the most controversial parts of the bill is a provision that would trigger a series of automatic actions if a major trading partner achieved an "excessive trade surplus" with the U.S. through a "pattern of unjustifiable, unreasonable or discriminatory trade policies or practices." In such cases, the President would be required to open negotiations to reduce the trade imbalance with that nation by 10% annually. The bill is aimed at such countries as Japan (1985 surplus with the U.S.: $49.7 billion) and South Korea ($4.8 billion), which have long put restrictions on American imports. If no agreement was reached...