Word: tradings
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Dates: during 1980-1989
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...last week a small Japanese expedition began killing minke whales off the coast of Antarctica. The goal: a catch of 300 whales. U.S. Commerce Secretary William Verity immediately declared Japan in violation of its agreement to observe the moratorium. Under U.S. law, Verity may recommend that President Reagan impose trade sanctions on Japan. If that & happens, the President must either impose the sanctions or explain to Congress why such action is not warranted. Japanese officials called Verity's pronouncement "extremely regrettable" and expressed hope that the issue would not heighten tensions between the two countries, already entangled in trade disputes...
...millions from Panamanian banks in recent months, weakening an economy already mired in debt. On March 1, the U.S. State Department is expected to certify that Panama has not done enough in the fight against drugs, a finding that will make the country ineligible for a range of trade and economic privileges. "At some point," says an Administration official, "those in Panama with the ability to change things are going to have to ask themselves if Noriega is worth the price...
...dazzling political pirouette. It began last November, when he met with his aides to figure out why, after more than 100 days of campaigning in Iowa, he was losing support in the polls. Gephardt was frustrated and demoralized; he just wasn't connecting with voters. His technical speeches on trade were either boring or offputting. So Gephardt suggested using examples of American products that cost much more in Asia. This, he thought, would provide concrete evidence of what he meant by unfair trade practices. A diligent researcher went out and found examples of apples that would cost $5 in Japan...
...will pay $48,000 for a Hyundai." The spot hit the air in Iowa the day after Christmas and grabbed viewers by the collar. "What the TV did was punch through what I'd been saying for a year," Gephardt explained last week. "We finally got across that the trade bill isn't about protectionism; it's about fairness, a two-way street...
...other candidates immediately blasted Gephardt for blatant opportunism. In New Hampshire, Paul Simon put on tough radio ads outlining issue after issue in which "Congressman Gephardt" said one thing while "Candidate Gephardt" said another. Michael Dukakis accused Gephardt of being "protectionist" and having 19th century ideas about trade. Even several of Gephardt's former staffers described his new persona as contrived. Don Foley, who quit as his press secretary three months ago, told friends, "Some days he doesn't even know...