Word: tradings
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Dates: during 1980-1989
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...repeatedly to prevent the U.S. dollar from sinking even faster than it has so far. A weaker dollar would make American exports cheaper and imports more expensive -- and that would make the U.S. better able to repay its debts. But America's major creditors, who are also its major trading partners, are not wild about a further rapid slide in the dollar's value: such a precipitate decline would erode the trade surpluses that made them creditors in the first place. They are better served if the U.S. continues to consume foreign goods while increasing its foreign debt, albeit...
...French jumbles as le smoking for a tuxedo), just as English has absorbed such words as bouquet and carrousel. Others believe that the invasion of English is inevitable, especially in technical and business fields, and urge that more Frenchmen give in and learn to speak it. Says French Foreign Trade Minister Michel Noir: "We would certainly be taken more seriously if we became Angliciste...
...Drug Administration gave its approval to lovastatin. The move will give millions of Americans a potent new ally in their battle against heart disease, the nation's No. 1 killer. Developed and manufactured by Merck & Co., the New Jersey-based pharmaceutical giant, the drug will be ) marketed under the trade name Mevacor. It is the first of a new class of compounds specifically designed to control cholesterol production. Says Scott Grundy, director of the Center for Human Nutrition at the University of Texas Health Science Center at Dallas: "This is the first practical treatment for very high cholesterol levels...
...daylight on the far right of the field. Among the Democrats, the race remains as wide open as a frontier town on a Saturday night. Senator Joseph Biden was supposed to speak to a new generation, but then so was new- formula Coke. Congressman Richard Gephardt tried to trade on protectionism, only to see that issue sink like the dollar. Governor Michael Dukakis made inroads by warbling about his "Massachusetts miracle," but that chirpy refrain badly needs a second verse. One small surprise is that Senator Paul Simon is holding his own, bow tie and all, despite (or perhaps because...
With the stock market setting new records, inflation quiescent and unemployment dropping below 6%, pressing economic problems like the deficit and the trade imbalance remain abstract to most voters. Chastened by the experience of Walter Mondale, most Democrats (save for Swim-Against-the-Tide Bruce Babbitt) are reluctant to propose higher taxes. An example of the painless-dentistry approach to the budget is Dukakis' suspect claim that up to $110 billion can be raised by stronger enforcement of existing tax laws...