Word: tradings
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Dates: during 1980-1989
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Improved Government policies can only make a start on solving the trade dilemma. What is needed is a change in national direction. Long ago, Henry Ford lost his appeal as a role model, and interest in manufacturing faded. Services became the wave of the future, and law and investment banking became the prestige careers. America is paying the price for the increasingly unproductive orientation of its top talent...
Bentsen also pressed the hot populist buttons that ignite Democratic voters. He played on nationalist sentiments by criticizing the trade practices of foreign countries and by ominously warning of their taking over American businesses. He raised the specter that Republicans are out to slash Social Security -- never acknowledging that he, like Bush and Quayle, had voted for a freeze in cost of living increases. And dusting off a line he had used at the convention, Bentsen articulated the Democratic case against the apparent success of the U.S. economy: "You know, if you let me write $200 billion worth...
Botha's promise to stop destabilizing neighboring states is one reward black nations can anticipate in return for their hospitality. South Africa also doles out large-scale development loans and credits, which all its neighbors need, and carries on semicovert trade with more than 40 other African countries...
...because decisive steps by various governments stabilized the situation, but also because the bond market and the dollar did not crash along with stocks. One does not have to be a prophet of doom and gloom to sketch a possible downside scenario despite current strong economic statistics. With the trade deficit still high, inflation on the rise, no resolution to Third World debt problems and no decisive action on the federal budget deficit, we could see another steep decline of the dollar, a spurt in interest rates, a break in bond prices and a new plunge in the stock market...
...smiles. By now, 77 companies offer hill-tribe treks in Chiangmai alone, and Pattaya, a quiet fishing village just two decades ago, is a bloated red-light area studded with 256 hotels. Indeed, the metaphor of selling out is given flesh by the embarrassing statistics of Thailand's sex trade: perhaps 250,000 women in Bangkok alone respond to the siren call of a business that goes hand-in-hand with tourism. And the get-rich-quick promise that tourists embody has also led to shadier enterprises: Thailand is already famous for its pickpockets, smugglers and heroin dealers...