Word: surpluses
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...demonstrated by the payment of $435 for an ordinary claw hammer that Navy auditors discovered last year. But it was revealed last week that the fleecing of defense is not limited to the buy side: the opportunity to make dubious deals also extends to the sale of military "surplus...
...Western Europe's will grow only 2.5%. As a result, the U.S. is sucking in imports at a prodigious pace, while Europe is too weak to buy a matching amount of American exports. The U.S. trade balance with Western Europe has flip-flopped from an $18.6 billion surplus in 1980 to a deficit that has been running at a rate of $17.6 billion this year...
...even losing its supremacy in high-technology goods. Its trade surplus for these products, including computers and telecommunications gear, has dropped from $25.5 billion in 1980 to $17 billion last year. Spectra-Physics, a San Jose, Calif.-based manufacturer of laser equipment, says that its share of the world market for some products has fallen from 75% to 50% in only three years...
...better-paying jobs in private industry. In West Germany, on the other hand, 40,000 teachers are unemployed, many of them qualified in math and science. This imbalance gave University of Georgia History Professor and German Emigre Lothar Tresp an idea. Why not use one country's surplus to offset the other's shortage? Earlier this year Tresp made contact with Georg-Berndt Oschatz, education minister in Lower Saxony. Oschatz had already begun to make inquiries about job possibilities in the U.S. for the 6,000 unemployed teachers in his state...
...interest rates, which now run as high as 13.5%. Mexico deserves such a break, said De Larosière, because it has made substantial progress toward solving its economic problems. Since 1982 the country has cut a 100% inflation rate almost in half and doubled its annual trade surplus to $13.6 billion...