Word: trades
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Dates: during 1990-1999
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...decline in the dollar should eventually bring down the trade and payments deficits, by making U.S. goods and services cheaper in other countries and imports more expensive here. But those effects might not be felt for three or four years--certainly not in 1999. Next year, members of the TIME board say, the worsening deficits will exert enough drag on the U.S. economy to produce, finally, the slowdown so long forecast...
...probably closer to the higher figure. But she sees only a 20% chance of recession, vs. the fifty-fifty odds some economists were quoting as recently as September. She expects a leveling off in housing and a decline in nonresidential construction, as well as "a widening of the trade gap," but thinks they will be largely offset by further gains in consumer spending, business investment in information technology and "some increase in government spending." Profits of companies whose stocks are included in the Standard & Poor's 500 index will rise about 5%, she forecasts, vs. a flat performance this year...
...slowdown that does not turn into a recession, Bergsten warns, is still likely to lead to "a very significant increase in U.S. trade protection." Even a modest slowing of output and rise in unemployment, he fears, will be widely blamed on cheap imports. The Clinton Administration may give in to protectionism to please the AFL-CIO, which it is " beholden to" for the Democratic successes in the November elections. Hormats voiced fears that protection is all too likely to win support from the Republican right, now a stronghold of economic nationalism, as well as the Democratic left, creating a strange...
...overseas or unreachable. Committee chairmen gently reminded members of old favors. In a clever bit of jujitsu, Republicans claimed the White House was trying to buy support with oblique suggestions that a vote for Clinton might free up funds for disaster relief. In fact, the Republicans had more to trade, but the Democrats had lots more to lose, which probably made it a fair fight...
...targeting of Osama's network began in earnest almost two years after the 1993 World Trade Center bombing, which killed six people and injured more than 1,000. On a chilly, clear February night in 1995, a helicopter soared over the Hudson River to the FBI's office at New York City's Federal Plaza. Sitting blindfolded in the chopper next to the bureau's Lewis Schiliro was Ramzi Yousef, the mastermind of the Trade Center attack, who had just been nabbed in Pakistan. During the transatlantic leg of the flight back to the U.S., Yousef had bragged that...