Word: tradings
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Dates: during 1980-1989
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...once was able to use its strength to set up an international arena for trade and investment, but now it is finding itself uncompetitive at the game it taught the world to play. And losing that game has spurred the United States to search for an alternative definition for our national purpose. This is difficult because our way of life has always been tied to our dominance as a superpower. It's like the line in Platoon when one U.S. soldier in the middle of a Vietnamese jungle says of his nation--we've been kicking ass for so long...
NONETHELESS, today it seems that the world is realizing more than ever before the primacy of money. Even the Russians seem to be coming around to the traditional American point of view--money is good. China too is opening up to international trade and foreign investment and allowing internal economic reforms...
...University of California at Davis, America's ranking school of oenology. In fact Michael Mullins, the chairman of the viticulture department at Davis, is Australian. Says he of the Californians and his countrymen: "I think they see each other as potential competitors. There are a fair amount of trade secrets, but there's an awful lot of sharing in chemical engineering, yeast biochemistry and other fields, so that there is continual improvement...
...March, Delvalle, working through private U.S. lawyers, managed to tie up $70 million in Panamanian funds in U.S. banks, paralyzing the local banking system. The U.S. then imposed limited economic sanctions, including the payment of Panama Canal fees into an escrow account inaccessible to Noriega and cancellation of trade preferences. This still did not faze Noriega, although it led to severe damage to Panama's economy. Noriega portrayed himself as a victim of yanqui imperialism, and 22 other Latin American nations, including Mexico and Venezuela, issued a statement of support...
...unlikely to change from blue jeans into a suit or trade in his Dodge van for a Mercedes. Nor is he likely to drop the role of the eternal cutup. "I'll have the grilled baby chicken," he said last week as he sat down for an interview in a Santa Monica restaurant. "And the cuter the better...