Word: surpluses
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Creasey said he might attempt to have the Barbados CRICO designated a "surplus lines carrier," which means it could gain legal standing in the U.S. to write policies...
Signs of Miami's manifest destiny as a hemispheric power are evident. International trade through the city is a $25.6 billion business and growing by double digits annually, some 20% in 1992 alone. While the U.S. was reporting a trade deficit last year, Miami's port district recorded a surplus of more than $6 billion. Miami International Airport, now the nation's second largest international passenger and cargo hub, is poised to overtake New York City's Kennedy International Airport by 1995-96. It is already the world's fifth busiest cargo airport. Ships sail from Biscayne Bay to virtually...
...Seattle, the U.S. is eager to see results now that the political-reform bill is all but assured. Foremost on Washington's wish list for Tokyo is a Japanese tax cut to revive the economy, now headed for a second consecutive quarter of negative growth. Japan's trade surplus with the U.S. grew in September by $5.32 billion, and that trend will not turn in America's favor until Japan's economy starts growing and importing again...
There are compelling reasons for the U.S. to pay attention to China. While the country ran an $18.3 billion trade surplus with the U.S. in 1992, in the process it bought $7.5 billion in U.S. exports, which meant jobs for thousands of Americans. To curb the proliferation of nuclear weapons and missiles, Washington has to entice Beijing into new and better-enforced arms control agreements. China's cooperation will also be essential if any international action -- diplomatic or military -- is taken to halt North Korea's push to develop nuclear weapons. The Clinton Administration hopes that what it calls "enhanced...
...Thus the White House has been playing down this week's gathering as merely a gesture in favor of more regional cooperation. "The meeting is the message," says Robert Rubin, director of the National Economic Council. In trade matters, it seems, complexity is a commodity that's always in surplus...