Word: trader
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...Japanese auto question has become the sharpest economic dilemma for the young Administration. A committed free trader, Reagan has also promised trade relief to auto workers. Said he in a campaign stop in Detroit last September: "I think the Government has a role to convince the Japanese that the deluge of their cars into the U.S. must be slowed while our industry gets on its feet." But hin dering the availability of Japanese cars in the U.S. could result in substantially higher auto prices for American consumers and hurt the Administration's battle against inflation. The outcome...
...issue is a thorny one for Reagan. Although philosophically a free trader, the President, during a campaign swing through Michigan last year, vowed to help the auto industry. Aides indicated at the time that he favored a voluntary agreement with the Japanese to reduce imports. After the election, Reagan asked Transportation Secretary Drew Lewis to review a study of the auto industry that had been completed by the Carter Administration. Results of the review will be submitted to the President within two weeks...
Gold market experts also say that the end of the hostage crisis in Iran is helping to depress the cost of gold. Explains a senior gold trader at a leading New York bank: "In a sense, the gold market has become almost like a drug addict, needing more and more of a bad-news fix to get high." Recently there has just not been enough bad news to keep the market...
...other regime, he said, "could have obtained from the United States more than this government has." Chief Hostage Negotiator Behzad Nabavi later conceded that Tehran got much less than the $24 billion it had originally demanded, but added somewhat lamely: "We should avoid looking at the issue through a trader's eyes. Our political gains were far greater...
...with In Patagonia, a stylish piece of travel writing. The Viceroy of Ouidah finds his jeweler's eye playing over 19th century West Africa. The book is a novelization of the life and death of a footloose Brazilian named Francisco Felix de Souza, who flourished as a slave trader under the protection of the King of Dahomey. Chatwin began his research nine years ago in Dahomey and returned in 1977 to find the country named the People's Republic of Benin. "The fetish priests of Ouidah," he notes, "had put pictures of Lenin amid the scarlet paraphernalia...