Word: trade
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Dates: during 1970-1979
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...fallen woman. Or at least about eight months pregnant, judging from an advertisement promoting maternity fashions in Chicago. Quick to defend her honor, United Feature Syndicate, which distributes the Peanuts comic strip created by Charles Schulz, has sued Maternity Shop Owner Bernard Poticha. Charging copyright infringement and unfair trade practices, the lawsuit demands that Poticha stop using the ad and seeks $50,000 damages. Lucy "has been consistently and continuously portrayed ... as a young, unmarried girl," says the complaint. To portray her as pregnant is "degrading and offensive ... and tends to destroy the wholesome image." The next thing you know...
...exporters found little demand for their goods abroad. Then, too, the nation's dependence on ever more costly foreign fuel increased, lifting the U.S. oil import bill to boggling heights-$40 billion last year, perhaps $50 billion this year. The result was a three-year string of stinging trade deficits, including a record $28.5 billion in 1978. The devastating drop in the value of the dollar overseas, which largely reflected the poor trade situation, helped fan domestic inflation by making imports more expensive...
...downturn would slow U.S. inflation and narrow the American trade deficit. It would reduce U.S. oil consumption and thus reduce upward price pressure on crude oil and other commodities...
...difference between now and 1974 is that instead of declining in unison, thus severely crippling trade, production and growth, the major nations are all at different points in the economic cycle, making a deep world downturn less likely. A sampler of conditions of the key industrial nations...
...mere 2.6% in 1978, inflation so far this year has been running at an annual rate of 7.4%, a figure that might be cheered elsewhere but is regarded with concern in this inflation-phobic nation. German exports are surging and now account for fully 12% of total world trade-the same...