Word: surplus
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Japan. In the picture-taking session of summiteers, Japan's Fukuda alone was unsmiling-and with good reason. In private sessions, he had come under withering criticism for his country's gigantic trade surplus ($17 billion last year), which helps to undermine the world's monetary stability. Through a big public works program, Fukuda is trying to create greater buying power at home and thus expand imports. Japan has succeeded in holding the volume of its exports to last year's levels; but the value of those exports has shot up 20% this year...
...make. Eight days ago the universe-leading Red Sox were sighted somewhere on the far side of Mars, tooling for the World Series with all engines on full; now it looks like they might have been sold some bad liquid hydrogen by the shady character who runs the NASA-surplus parts shop down at Cape Canaveral. The thrust just isn't there. The Bosox have now lost seven of their last eight games, and their once-astronomical division lead has shrunk to a mere five-and-a-half games over the streaking Brewers, and a rapidly diminishing eight over...
...economies from burning the surplus grain, which is too old to be planted and is good only for fertilizer or landfill, can be large. LMU paid $11 a ton for its initial order of 650 tons of corn, and got an average heat output of 14 million BTUS per ton. Coal, by comparison, costs on the average $24 a ton and gives off no more than 23 million BTUs. The math works out to a 23% saving when corn is used...
...bought another 2,000 tons of corn for burning over the next six months. There is not enough surplus old seed corn for it ever to become a major fuel source, but the Department of Energy has commissioned an investigation into corn and other potential emergency fuels. Meanwhile, in Jerry Brown's California, energy advisers are looking into a variety of other alternatives, including walnut shells and rice husks...
...government owns a 50% share in a subsidiary of Royal Dutch Shell, whose wells pump 230,000 bbl. per day; it is also one-third owner of the world's largest natural gas liquefaction plant. Brunei's revenues should surpass $1 billion this year, and the national surplus, already $2.5 billion, will grow by another $700 million...