Word: surpluses
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...course, nothing is that simple. Last year Beijing enjoyed a trade surplus of $83 billion with the U.S., its top export market, and U.S. businesses invested about $4 billion in China. These investors have become Beijing's most useful lobbyists in Washington. They thwarted Clinton's initial plan to link China's trade status with human rights and helped win Washington's support for China's entry into the World Trade Organization. China needs that relationship because, to some extent, the leadership's power rests on rising living standards that depend on growing trade...
...peddling an idea first raised by Federal Reserve Chairman Alan Greenspan--whose seal of approval is to economic policy what Good Housekeeping's is to home appliances--the centrist bloc instantly seized the fiscal high ground. Bush insists that the surplus, projected to be $5.6 trillion over the next decade, can easily accommodate his $1.6 trillion tax cut. But while government number crunchers are fairly accurate when predicting revenues over the next year or two, they are notoriously unreliable six or more years down the line, when more than two-thirds of the Bush cuts would take effect...
FOILED MAY 19, 1999 Anaheim, Calif. When police searched the homes of two eighth-graders at South Junior High, they found two bombs, bombmaking materials, a military-surplus rifle, a Ruger Blackhawk .45-cal. handgun, 1,500 rounds of ammunition and Nazi paraphernalia. They were tipped off by a student who heard that the boys, whose names were not released, were threatening to blow up the school...
Peter Piot, Director of UNAIDS, has said that, "the great moral test of our time is how the rich countries respond to the AIDS crisis." As America decides how to spend a $5.4-trillion projected surplus, it must bear in mind that enormous good can be done for less than $10 billion. Last year, the United States contributed about $350 million to fighting global AIDS; this year, it should multiply that amount several times. Stone Professor of International Trade Jeffrey D. Sachs '76 and others have estimated that dramatic gains in fighting AIDS in Africa can be had for only...
...Rumsfeld conducts his review of the Pentagon, a large chunk will surely pay for modernizing the military and developing a national missile defense. Bush says there will be plenty left to cover natural disasters like earthquakes and economic disasters like the budget gaps that will open up if the surplus falls short of projections...