Word: traded
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Dates: during 1970-1979
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Washington was equally startled. Fukuda was a particular favorite of President Carter, despite the 20-year difference in their ages. Fukuda at least appeared to understand American irritation over the imbalance in trade between the two countries that has been one main cause of the dollar's tribulations. Ohira intends to continue and even increase support for the greenback (see box). But because Ohira, as chief Cabinet secretary to Premier Hayato Ikeda in 1960, was an architect of Japan's spectacularly successful drive to make Japan an exporting juggernaut, Washington is uncertain about how eager he will...
...Finance Ministry. Early in the 1950s he went into politics, eventually winning ten terms in the Diet. In 1960 he started his climb to power by moving from one ministry or Cabinet post to another in different L.D.P. governments. He has been Finance Minister and Minister of International Trade and Industry; he has also been Foreign Minister twice in different regimes. As Tanaka's Foreign Minister in 1972, he initiated the restoration of relations with Peking...
...Japan's trade surplus: I do not think we can do more than we are already doing, beyond expediting the existing measures to correct the situation. I do not yet have any new plans on this problem. But it is a serious problem and has to be solved as quickly as possible...
Barnes, an administrative law judge for the Federal Trade Commission, last week ruled that the American Medical Association's code of ethics illegally restrains competition among doctors by preventing them from advertising. That policy, said the judge, has resulted in virtual price fixing, deprived consumers of the information they need in selecting a doctor and "stifled the rise of almost every type of health care delivery that could potentially pose a threat to the income of fee-for-service physicians in private practice...
...European operations, a job that taught him about acquisitions, finance, and the making and marketing of just about anything. At Revlon, while continuing to broaden the product line and promoting some new merchandising ideas, Chairman Bergerac, now 46, talks a language that was long unfamiliar to the cosmetics trade. It is a lingo of inventory control, strict manufacturing standards and tight, detailed budgets. The payoff: sales and profits have multiplied about 2% times during his four years as boss, growing more than twice as fast as the industry average. This year Revlon will earn about $125 million on sales...