Word: traded
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Dates: during 1970-1979
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Further, a collapse of the dollar, the world's central trading currency, could paralyze global trade and investment. That could lead to a severe recession, not only in the U.S. but worldwide. Said one Belgian expert: "The world was facing its worst economic crisis since...
...will Carter's measures work? Only if he holds to them even when the results begin to turn unpleasant. The clearest reaction among economists, bankers and businessmen in the U.S. and Europe last week was that borrowing to defend the dollar would "buy time" to tackle inflation and the trade deficit. That is no insignificant gain; until the mad dollar-selling orgy was stopped, no economic policy of any kind had a chance of succeeding. The Administration has now shown speculators that the dollar can go up as well as down, and the boldest seller will think twice about fighting...
...shade below." Added William Cox, deputy chief economist at the Commerce Department: "I still feel we're not likely to have an outright recession next year. There are several elements of strength in the picture." He cited increased business investment and the improving balance of trade. "There's a reasonably good chance that business investment will not be knocked into a cocked hat. The question is how well business can look over the valley and gauge the steepness of the hill on the other side...
Dominica (pronounced Dom-in-ee-ka) will need it all, and probably more. Apart from bananas, limes and, that Caribbean rarity, fresh water from its more than 300 rivers, the island does not have a lot going for it. Even the banana trade has mottled, due to a worldwide glut. Unemployment hovers around 20% and is particularly devastating among youth...
Ater so many years of talks, protests and promises on both sides, the squabbling between the U.S. and Japan over trade might be expected to subside. In fact, tempers seem to be getting worse, not better. Yankee businessmen complain that they are still all but shut out of the Japanese market, and more and more of the American consumers who buy the goods that the Japanese export with such zeal seem to agree. Pollster Louis Harris found that a strong (64%) majority are persuaded that the U.S. is getting shortchanged on trade, by Japan as well as by other countries...