Word: tradings
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Dates: during 1980-1989
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President Reagan seems able to find encouragement in the trade figures no matter which way they are moving. After Friday's news, Reagan said the rise in exports showed that "our competitive position in the world is steadily improving." That was a bit at odds with a comment he had made four days earlier, when he called the deficit with other nations a "sign of strength" because "our growing economy enables us to buy their goods." This rationalization provoked ridicule from Democratic critics. Congressman Richard Gephardt of Missouri, a champion of fair trade and a presidential candidate, labeled Reagan...
Concern about the trade deficit focused attention on last week's visit to the White House by Japan's new Prime Minister, Noboru Takeshita. Last year Japan accounted for $60 billion of the U.S. trade gap. The two leaders agreed that reducing the trade imbalance was a "top priority," but took only a few modest steps in that direction. Takeshita made new proposals to give American construction companies greater access to Japanese public works projects. He also promised that his government would strive to hold down interest rates, which could help stimulate Japan's economy and boost demand for imports...
...most economists expect the rise to continue. Jason Benderley, a senior economist at the Goldman, Sachs investment firm, predicts that if the dollar stays at its current level, overseas shipments could grow by as much as 15% a year through 1991. If imports level off or decline, the trade deficit could finally start to shrink steadily...
...front next to a pickup truck, wearing overalls and visored caps, are obviously locals. "My brother got me a statue here last week. He thought I'd like it," says one, the soft twang of his western Virginia accent confirming the visual evidence. "I don't. Can I trade it in on something else?" Harper, a stocky man of medium height, thinks a moment, then replies, "I don't see why not. What kind of statue was that, anyway?" "Some kind of mannequin" is the reply...
...when Canada's reigning circuits, Famous Players and Odeon, pressured distributors to withhold first-run films from the fledgling company. But in 1983 Drabinsky, a lawyer who had written a standard reference on Canadian motion-picture law, convinced the courts that Famous and Odeon were engaging in restraint of trade. A year later he bought the Odeon chain, but his battle with Famous still rages. Recently, he purchased half of a '20s Toronto movie palace and restored his section to its original rococo splendor. Famous owns the other half; through legal maneuvering Drabinsky has kept that portion shut...