Word: surpluses
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...posturing and tough talk were all it took to remedy the U.S.-Japan trade gap, everything would be fine by now. The grumpy Feb. 11 encounter in Washington between Bill Clinton and Japanese Prime Minister Morihiro Hosokawa has produced a surplus of bluster. "We will not modify our position," Hosokawa warned afterward. "It's just not acceptable for the United States to continue on the same path," Clinton warned back last week. But as both sides grumbled, they tried to keep the brinkmanship within bounds. "The intent and fact are to be measured and calm about this," insisted a White...
...doing the same thing over and over again and expecting a different result." The meeting was the first of the biannual summits required under the trade agreement signed in Tokyo last summer by Clinton and former Prime Minister Kiichi Miyazawa. The pact aimed at trimming Japan's trade surplus with the U.S., which has jumped to a near record $60 billion. Last summer's agreement called for "objective criteria" for measuring progress, and the sticking point ever since has been each side's differing notion of what objective criteria may be. To the White House, the term refers to numerical...
After 1989, the benefits fund dove from a surplus into a shortfall. The shortfall was $1.8 million in 1990, $22.5 million in 1991 and $45.9 million in 1992, according to Warren's table...
Caught in the middle are 140,000 U.S. dairy farmers who, having run up a milk surplus for years, are split over whether extra production is good. Some farmers are angry at having "technology shoved down our throats," says Jim McGhee, who runs an 18-cow dairy farm near Hollandale, Wisconsin. But many say that if BGH will help their bottom lines, they're willing to try it. The big question is whether consumers can approach the supermarkets with an equally receptive attitude...
...routine was simple: Uncle Sam stamped his feet in anger over Japan's huge trade surplus, and a smiling Japanese Prime Minister turned up in Washington with vague promises to buy American -- or at least to sell fewer Toyotas in the U.S. When Prime Minister Morihiro Hosokawa arrives in Washington this week, he will undoubtedly be smiling, but whether he will accommodate Bill Clinton's demands that Japan back its vows with hard numbers is another matter. The advance men for both leaders have spent seven months talking trade, but so far all they have achieved is frustration, while Japan...