Word: traders
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Dates: during 1970-1979
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...foreign goods. Even though the West and Japan are now recovering from the deepest economic slump since the 1930s, protectionist tendencies remain powerful. In an effort to defuse those tendencies in the U.S.-where they are strong in Congress and among the trade unions-President Carter, a committed free trader, is trying to solve trade problems one at a time. The unpleasant alternative would have been to resort to high tariff barriers that might set off a global trade war and raise havoc with the fragile world economy...
...first marriage, acted in concert with five other Hunts to acquire contracts for future delivery of more than 23 million bushels of soybeans -nearly a third of the nation's expected supply this year and far above the legal limit of 3 million bushels allowed to any one trader or trading group. A federal district court in Chicago will consider this week whether to order the Hunts to reduce their holdings to that limit. The Hunts contend that each family member acted alone and so is entitled to hold the maximum...
...record, Jimmy Carter is a free-trader. He is also committed to reducing U.S. unemployment, and growing imports threaten jobs. How to reconcile these conflicting responsibilities is one of his most acute dilemmas. So far he has leaned to free trade. By refusing to impose a higher tariff or fixed quotas on imported footwear, he relieved many U.S. friends abroad. "A victory for us and the American consumer," exulted Niveo Friedrich, head of a Brazilian shoe manufacturers' association. Though the President's decision is likely to stick, he can be overridden by Congress, where protectionist pressures are traditionally...
...Trading with the Third World. Kissinger toyed with the idea of commodity price stabilization agreements that would insulate developing countries from wild swings in their earnings from export sales of raw materials, but Ford's Treasury Secretary, William Simon, an ardent free-trader, knocked it down. No such conflicts have shown up in the Carter Administration. The President, while not committing the U.S. to stabilization plans, seems willing to discuss them. The Administration last week informed a United Nations meeting in Geneva that it is ready to talk about the financing of stabilization plans...
...jeans. Some wanted Carter to drive his own car in city traffic jams and to do his own shopping at the supermarket-just to keep a feel for prices. Warned Karl Olson of Rockville, Md.: "Don't go to the real exclusive places for lunch like Sans Souci, Trader Vic's or places like that. I suggest McDonald's ... Eat where the people...