Word: trades
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Dates: during 1960-1969
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Nixon might lead the nation back into isolationist foreign policies and protectionist trade policies. In Asia, Latin America and Africa, many governments are concerned that the new Administration-or Congress-might cut back even further on foreign aid, despite Nixon's growing internationalist outlook...
...pack of yippies unleashed a waggish demonstration in Tokyo last week. Howling for an increase in government-regulated imports of dog food, an estimated 1,500 dogs paraded, more or less under their owners' control, through central Tokyo to the Ministry of International Trade and Industry. Both owners and owned carried signs growling slogans such as: "Miserable Dogs" and "Fellow Doggies, Let's Bite Off More Allocations...
...while the U.S. was winning 15. Every bit as embarrassing was the performance of the Soviet basketball team, which had been favored to capture the gold medal and wound up instead with the bronze, finishing behind the U.S. and Yugoslavia. The Russian players were "giants," reported Trud, the Soviet trade-union newspaper. "The coaches had everything." But the team played too many "passionless" games. "The players' sense of responsibility began to be blunted," and their "easy life" sapped their stamina...
...That raised the specter of a precipitate outpouring of investment funds abroad and prompted Treasury Under Secretary Frederick L. Deming, a key member of L.B.J.'s economic team, to call the proposal "the height of irresponsibility." By the same token, supporters of the Johnson Administration's free-trade policies have been concerned about intimations by Nixon's aides that the U.S. might adopt a more protectionist attitude toward some imported goods, including Japanese textiles and Canadian auto parts. Nonetheless, European businessmen and moneymen, while also worried about the possibility of restrictive trade measures, express confidence that...
...pride and cut the exchange value of its tottering pound from $2.80 to $2.40. The third devaluation in 36 years was aimed at giving the country time to repair its foundering economy. The Labor government maintained that the devalued pound would swiftly turn the U.K.'s persistent trade deficit, a major source of sterling's troubles, into a surplus. With British goods much cheaper in the world marketplace, exports would rise while imports declined because foreign products automatically would cost Britons more. Surveying the early results, Prime Minister Harold Wilson exuberantly announced last summer that his country...