Word: tradings
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Dates: during 1980-1989
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Such writers are frightened--and rightfully so--by our sluggish economy, our losses in international trade, and our rapid transformation from the world's largest creditor to the world's largest debtor in the space of a few years. They have watched the United States' share of the world economy drop from nearly half to close to a quarter. They observe the growing power of the Japanese and Germans, and they say the decline is unstoppable. They chart the failures of our military power in Vietnam and now the Gulf, and they cry "Uncle...
...such as overt mining of gulf waters or frontal attacks on the reflagged tankers, the Pentagon has a menu of additional options. One choice is retaliatory U.S. mining around the Iranian oil refinery at Kharg Island or around the major port of Bushehr, two crucial harbors for Iranian sea trade. If more aggressive U.S. strikes were needed, particularly in retaliation for direct attacks on the tankers, bombers from the Constellation could hit Iranian airfields and key petroleum-refining installations with ease...
Only two kinds of businesses seem to be thriving: those that sell to the government and those that sell for it. Some merchants who have hoarded such basic items as meat, sugar, flour and even matches have made huge profits. Says a businessman in the import-export trade: "The only money to be made these days is in trading staples, house appliances and the like. People pay whatever they have to to get them...
...much as America needs foreign capital at the moment, the U.S. might benefit more in the long run if the European nations increase domestic investment and build up their economies. Only a healthy Europe can boost its imports and thus help the U.S. curb its dangerous trade deficit...
...with a sense of utter outrage that I read about the recommendations of some ecologists that the hunting of leopards and an international trade in leopard skins be resumed ((ENVIRONMENT, July 20)). The only large animal that is not on an endangered list, to judge by its numbers, is the human being. However, I would not on that account recommend that it be hunted...