Word: surpluses
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Parts of Seoul, inevitably, feel like suburbs of America. The streets of Itaewon, not far from the Yongsan garrison, are decorated in the U.S. Army- surplus style common to base cities around the world: country-and-western bars called Bonanza and Tennessee, the Las Vegas disco, a spit-and-polish row of Pizza Hut, Pizza Inn and Shakey's. And where there are servicemen, of course, there are service-industry women: in certain hands, Seoul's rowdiness can turn to raunchiness. The body trade flourishes in the G.I. bars of Itaewon, and the city's ubiquitous barbershops have little...
...task was made easier by an abrupt turnaround in the balance of trade between the two countries, another source of irritation to Beijing. In 1985 a flood of Japanese consumer goods into China ballooned trade between the two nations to $19 billion, with Japan enjoying a $6 billion surplus. Since then China has cut back on imports and dramatically increased exports to Japan. For the first six months of 1988, trade was up to a record $10.3 billion, but now China enjoys a $530 million surplus...
...three- to five-year teaching sabbaticals. Dukakis' plan to expand the so-called Boston Compacts and Genesis Programs -- in which wealthy individuals and businesses seek to motivate high schoolers by promising a job or college scholarship to each graduate -- is doomed to failure in areas lacking either a surplus of good jobs or a willing philanthropist. His notion of asking investment bankers and college administrators to devise investment programs that will allow families to set aside funds today against the cost of their children's college educations will do little or nothing for the poorest Americans...
...billion, and has risen at the staggering average annual rate of 8.8% for the past two decades. The country financed its fast expansion by running up a foreign debt that reached $47 billion by 1986. But in that same year South Korea registered a small current-account trade surplus, the first in its history, and last year expanded it to $7.7 billion. That overage has helped enable the country to reduce its foreign debt to a current level of $35 billion...
Institutionally, Stratford has never been healthier. The $2.5 million deficit brought about by the last administration has been converted under John Neville, artistic director since 1985, to a projected $820,000 surplus this season. The old era's often staid and unimaginative productions -- typified by a dusty Twelfth Night and a ranting King Lear that toured the U.S. in 1985 -- have been supplanted by lively, risk-taking efforts, including innovative versions of Twelfth Night and King Lear, which are highlights of this year's offerings. Although the search has dragged on for more than a year to replace Neville...