Word: traded
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Dates: during 1990-1999
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...Social Security surpluses projected to emerge over the next 15 years were used to pay it off. That would create a host of new challenges for economists and currency traders. What kind of security, for example, could replace the 30-year Treasury bond as the bellwether of bond trading and as a particular magnet for foreigners who accumulate dollars in trade with the U.S. and want to invest the bucks in something both high-yielding and safe? "This is my definition of a high-class problem," Summers wryly remarked. But no one at the meeting expected nearly every penny...
...really. Political boundaries have not defined economic relationships on this continent for decades, and the Michigan-Ontario relationship is the paramount case in point. Since the Canada-U.S. auto pact was signed in 1965, the two places have been economically intertwined. Last year two-way trade between Ontario and Michigan amounted to an astonishing $52 billion, much of it related to the automotive industry. The so-called automotive alley of assembly plants and partsmakers that stretches from Toronto and London, Ont., to Detroit is one of the world auto industry's most productive centers. But autos are nothing like...
...this has occurred with a minimum of government planning. But that may have to change. An early sign of the complications ahead is the expected demise of external tariffs sheltering the auto pact, after last month's World Trade Organization interim ruling that they discriminated against Japanese and other automakers. While Ottawa ponders whether to appeal the ruling, doomsayers are predicting the end of the "sweetheart" tariff holiday that they claim has underwritten Great Lakes prosperity for the past three decades. But the tariff ruling is probably irrelevant...
CLIP FILE Are we living in a post-PC era? Pundits at the annual Comdex trade show in Las Vegas last week argued yes, but many of the devices on display told a different story. Even Sony, which is making a big push into gadgets that connect to each other sans PC, still gives an occasional nod to the desktop computer. Its new Music Clip plays 2 hrs. of digital music on a single AA, but gets tunes, via USB cable, from a PC. Available in January, the Clip includes Sony's OpenMG Jukebox software to copy songs...
April 11, 1994 "We're making a fundamental mistake tying China's ability to trade with the U.S. to its record on human rights." --Editor in chief Steve Forbes in a Forbes magazine editorial...