Word: surpluses
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...India as its most valued friend among the world's nonaligned nations. Moreover, New Delhi's economic and military ties with Moscow remain strong, even though India has lately been looking to the West in its efforts to modernize its industry and diversify its weaponry. But India's trade surplus with the Soviets has become a major irritant. Last year India exported $1.5 billion in goods, mostly manufactured products, to the U.S.S.R., while its Soviet imports came to only $1.4 billion. To help right the imbalance, New Delhi agreed to purchase newsprint, coking coal and other raw materials...
...everyone is buying Harvard gear for their friends and family. Army surplus items, bulky oversized sweaters and metallic gold and silver clothing are also selling especially well at Square stores, managers and owners said...
...increased use of negative ads was buoyed by the large increases in the amount of money spent on campaigns. With money left over after the requisite campaign costs, candidates have found negative advertising to be the most effective use of surplus funds...
...story is hardly unique in American industry. Either through a surplus of energy or ego -- and very possibly both -- founding entrepreneurs frequently find it hard to turn over the reins of "their" company to a successor. Armand Hammer, chairman and chief executive officer of Occidental Petroleum, still jets around the world at 88, and has outlasted several presumed heirs. After 41 years at the helm of W.R. Grace, the multibillion- dollar chemical producer, J. Peter Grace, 73, has been overseeing a major restructuring of the company and shows no signs of stepping down. Robert W. Woodruff, longtime chairman of Coca...
...Polls taken before last week's congress gave Kohl's conservative-liberal coalition 51%, a ten-point lead over the S.P.D. The Chancellor's main source of strength is a solid economic record that, despite high unemployment, boasts zero inflation, a 3.5% growth rate and a $25 billion trade surplus during the first six months of the year. In personal appeal, Rau, who married only four years ago, has two young children and whose wife is expecting a third, might have an advantage over the rather stodgy, solemn-faced Kohl. But the cumulative effect of his party's platform, particularly...