Word: tradings
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Dates: during 1980-1989
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...called round-table negotiations, which began in February, were based on a fundamental trade-off: the regime would consent to a large degree of democracy in exchange for social cooperation on the economy; Solidarity would help secure that cooperation in return for its legalization and a share of power. The centerpiece of the agreement was the cumbersome electoral law that granted the Communists and their allies 65% of the seats in the Sejm and allotted 35% to the opposition; a new 100-member Senate, with veto power over all legislation, was to be chosen in open elections; a powerful presidency...
...York Representative Stephen Solarz, a highly liberal Democrat, and North Carolina Senator Jesse Helms, the curmudgeon of the Republican right, is pushing a bill that would compel the Administration, if the situation worsens, to stop all transfers of high-technology goods to China, suspend all investment and trade, recall Ambassador James Lilley and try to persuade international bodies such as the World Bank to cease making loans to China. Administration officials gloomily acknowledge that they may be driven to such steps if hard-line rulers in Beijing launch a purge of all who oppose them, further inflaming American opinion...
Corporate executives would like nothing better. Western businessmen have dreamed of immense markets in China since the days of Marco Polo; for American corporations in the past few years, the dream started to come true. From a mere $1.2 billion ten years earlier, U.S. trade with China rocketed to $13.4 billion last year, including almost $5 billion of U.S. exports, such as farm goods, aircraft and oil-drilling equipment, and more than $8.5 billion of imports from China, such as clothing, toys and sporting goods. In addition, American corporations poured into China some $3.5 billion of direct investment. Everything from...
...achievements. There were also painful disclosures about the dreadful state of the Soviet economy. Prime Minister Nikolai Ryzhkov admitted that some 40 million Soviets, or 13% of the population, live below the poverty level, that the Afghanistan war had cost about $70 billion and that the country's foreign-trade deficit this year will reach $52 billion. (The U.S. foreign-trade deficit last year was $119.8 billion.) In an attack on the economic front, Ryzhkov proposed cuts of almost a third in the military budget until 1995 and the elimination of as many as 18 of the 50 government ministries...
...been easy. For starters, Go-Video could find no Japanese companies, which control manufacture of crucial VCR parts, willing to provide needed components. For another thing, U.S. movie studios opposed the machine. So the company sued 15 Japanese and Korean makers, plus the Hollywood studios, claiming restraint of trade. Several manufacturers have now settled with Go-Video, and Korea's Samsung is tooling up to produce the VCR-2. Meanwhile, Hollywood has modified its opposition because Go-Video agreed to install circuitry that will prevent the VCR-2 from copying movies protected by antitheft coding. Still, moviemakers may see double...