Word: tradings
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Dates: during 1980-1989
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Even after President Reagan imposed a trade embargo against Nicaragua's Sandinista regime in 1985, Americans partial to that country's rich coffee , could still find it in gourmet stores (at about $7 per lb.). The Administration allowed the coffee to be sold because it did not enter the U.S. directly from Nicaragua: foreign firms roasted and packaged the beans, then delivered them to American companies. But now the Treasury Department is considering an outright ban as a way of further pressuring the Sandinistas to become more democratic...
...news hit the financial markets last week like a right cross from Heavyweight Champ Mike Tyson. An unexpected rise in the U.S. trade deficit ! knocked down the dollar against foreign currencies and sent the U.S. stock and bond markets reeling. Combined with an alarming surge in producer prices, the disappointing trade figure for February increased the odds that the Federal Reserve Board might feel compelled to raise interest rates to stabilize prices and defend the dollar. With that, the threat of a downturn -- and another stock-market crisis -- loomed once again...
Things had looked quite different early in the week, when optimism about trade ruled the markets, stocks were climbing, and everyone seemed to have forgotten that the Dow Jones industrial average had fallen 508 points last Oct. 19. The upbeat mood was shattered at 8:30 a.m. Thursday as the Commerce Department's report on merchandise trade flashed across TV screens and computer terminals. Investors, who for the most part had been expecting a continued improvement in the trade balance, were stunned to see that the February deficit was $13.8 billion, an increase of 11% from the $12.4 billion shortfall...
...deal for Bass was set, but Winfield held the trump card. Being a "five and 10 man" (a player who has played for one team for more than five years and has been in major league baseball for more than 10 years), Winfield had the option to veto his trade. He did just that. He wanted to stay in New York...
...another issue, the president was asked about a trade bill under consideration on Capitol Hill. Reagan said he would veto it if it reached his desk in its present form...