Word: tradings
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Dates: during 1980-1989
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...third of what it was in 1975, when George Bush left his post as head of the U.S. liaison office in Beijing. Japan, meanwhile, has increased its overall foreign-aid program tenfold, and is now the No. 1 net donor. One-third of the U.S.'s total foreign trade is with East Asia, yet nearly two-thirds of its staggering $137.3 billion trade deficit originates there. That imbalance is nearly 20 times as severe today...
Congress loves to get tough with foreigners when it writes trade bills, but it hates to get tough with itself when it sets tax rates and funds expensive programs. For his part, the President continues to bank on the wishful thinking that the economy can grow its way out of the red; he refuses to face up to the reality that spending cuts and higher taxes are needed to make real progress toward reducing the $155.1 billion budget deficit...
...will weaken the economic underpinnings -- and sour the psychological atmosphere -- of the U.S. position worldwide, especially in Asia. America's indebtedness, to itself and to the rest of the world, soaks up resources that might otherwise be invested to boost productivity and exports. Thus the budget deficit exacerbates the trade deficit, which in turn hurts the dollar and provokes protectionism...
...mean streets they are known as "strawberries," young women, usually prostitutes, who trade sex for drugs. Since August 1985 police have discovered the bodies of at least nine strawberries; each woman had been shot to death with a small-caliber handgun. Last week lawmen found a suspect in the serial killings. In a twist right out of a lurid TV movie, he turned out to be a sheriff's deputy...
...coin of the realm should be courage, concern and commitment, not crassness. If Mr. Lee plans to be a leader and address issues greater than concerns on campus, he will do well to look long and deep into himself and decide for what he really stands. Chris Cohan Trade Union Program