Word: tradings
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Dates: during 1980-1989
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Stanford economist Ronald McKinnon, an expert on foreign trade and finance, concurred with that view. "A declining dollar is nothing more than a reflection of an easy-money policy," said he, adding that the excess of Government borrowing and spending increases U.S. demand for imported goods. At the same time, currencies that are strong in relation to the dollar have made American farms, factories and real estate tempting to foreign buyers, says McKinnon, "so we conduct something of a fire sale" to pay for imported merchandise...
...writing, movies or computer software. Several federal courts of appeal have split on the issue when freelance work is involved. Since millions of dollars are potentially at stake down the line, Snyder's group has found itself allied with some major corporate interests. Supporting briefs have been filed by trade associations, whose members include I.B.M., Procter & Gamble and Dow Chemical, as well as publishing companies such as the New York Times Co., Time Inc. and the Hearst Corp. Reid has also managed to attract some influential supporters. The Justice Department has taken his side, as have two coalitions of artists...
...television occasionally tries to promote literacy in the sense of both knowledge and reading. Such megasubjects as science, art, mythology and civilization, as well as the hot and cold wars of the 20th century, have been creditably presented in public-TV documentaries, usually with what are called in the trade "book tie-ins." Now the history of the Bomb is traced in a masterly 13-part PBS series, War and Peace in the Nuclear Age, and in a comprehensive, highly readable companion book of the same title (Knopf; $22.95). The book, published last week, is by John Newhouse, a veteran...
Other entertaining and illuminating chapters include "Examples and ! Principles," in which Paulos shows why the giant Gargantua would be a physical impossibility; "Pseudo-science," a saline, agnostic examination of parapsychology and astrology; and "Statistics, Trade-Offs and Society," in which some astonishing questions arise. Among them: What percentage of college women enjoy watching the Three Stooges? (According to his personal survey...
...Polish Communist Party met in Warsaw last week for an often bitter session that lasted until 3 a.m. the second day, General Wojciech Jaruzelski and several of his top aides threatened to resign unless the party approved a resolution paving the way for legalization of the outlawed Solidarity trade union. This was the same Jaruzelski who cracked down hard on Solidarity and spearheaded its outlawing after he proclaimed martial law in 1981. At stake in the remarkable turn of events was not only Jaruzelski's political credibility but the economic direction of a nation seething with frustration over falling living...