Word: surpluses
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...with even less money than before," notes Michael Kaser, the director of Oxford's Institute of Russian and Eastern European Studies, "it is more important to get free information instead of having to pay for it." Russia is targeting Western weapons systems, for example, in order to upgrade its surplus arms, which can then be sold abroad to earn desperately needed hard currency...
...countries are sinners," declared the report, which proclaimed itself designed to "bring a dispassionate and constructive approach" to the discussion of trade. The only problem was that the timing could not have been worse. Japan's global trade surplus -- about $78 billion last year -- is soaring toward record levels. Last week a House Ways and Means subcommittee passed a trade bill with provisions for sanctions aimed at Japan. U.S. officials saw the miti report as simply the accused pointing its finger at the accuser. "People who live in glass houses should be careful about their stones," declared White House spokesman...
Exactly three years after army tanks crushed the pro-democracy movement in Beijing, George Bush notified Congress that he is again granting China most- favored-nation status, which provides the lowest possible tariff rates. The measure also helps China to a $12.7 billion surplus in trade with the U.S. "It is wrong to isolate China," Bush argued, "if we hope to influence China...
Aronberg also emphasizes that the council can easily cover $15,000 loss with its $50,000 budgetary surplus. He says he is the first chair to organize the council's finances and make use of the council's rollover funds, which also contributed $5000 extra to the spring grant allocations...
...would have felt worse to know that we had this huge surplus and tried nothing and let it just sit there," says Aronberg. "The students wanted a concert. I don't think it's right for the U.C. to hoard its money...