Word: surplus
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Since 2002, Franklin has turned in three balanced budgets, and in February she reported an $18 million revenue surplus. A $5 million homeless shelter is scheduled to open this summer. She plans to run for a second term this November, and so far nobody is even bothering to oppose her. For her achievements Franklin was awarded the John F. Kennedy Profile in Courage Award this year by the John F. Kennedy Library Foundation. She is the first sitting mayor to be so honored. -- With reporting by Greg Fulton/Atlanta
Americans continue to voice support for protectionism. Given the choice between a policy of quotas and tariffs rather than reliance on free trade, 57% chose the former course. More specifically, 53% approve of a proposal to impose a 25% tariff on goods from countries that have a large trade surplus with the U.S. The poll found that 63% support such measures against Japan. For Democrats desperately seeking to steal some of Reagan's almost magical popularity, these figures could represent a dangerous temptation. Already, feeling appears to be growing in favor of raising the tariff walls as a quick...
...second time in four months, Prime Minister Yasuhiro Nakasone appeared on Japanese national television last week to address his country's most pressing issue: a $44 billion trade surplus that is stirring increasing resentment around the globe. Announcing a package of measures designed to lower trade barriers, Nakasone pledged to make Japan the freest market in the world. Said he: "I personally will hold myself responsible that enough will be done to satisfy international complaints that Japan is unfair in the trade area. We have taken very bold steps. We have done our best...
Since April Nakasone has been urging his countrymen to buy more foreign products. He hopes the new initiatives to make more of those goods available will reduce his country's burgeoning surplus with the U.S. But if the program fails to show quick results, Japan may face retaliation. Congress has before it a stack of protectionist bills, including a measure to add a 20% across-the-board tariff to imports. --By Janice Castro. Reported by Gisela Bolte/Washington and Edwin M. Reingold/Tokyo
Wednesday, April 20. Alan Tonelson discusses “The Race to the Bottom: Why a World Wide Worker Surplus and Uncontrolled Free Trade Are Sinking American Living Standards.” 7:30 p.m. First Parish Church. Free...