Word: tradings
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Dates: during 1980-1989
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...side effect of rising interest rates, which the Federal Reserve has allowed to climb as a means of preventing inflation. But the U.S. and most European central banks decided last week to restrain the dollar by intervening in the currency markets. Reason: U.S. progress in narrowing its trade deficit is likely to be hampered by too strong a currency, since it increases the prices -- and reduces the competitiveness -- of American products...
...Burnham Lambert, which agreed last month to settle criminal- fraud charges, plans to hire a new chairman for its holding company. Drexel's choice to succeed Robert Linton: John Shad, the U.S. Ambassador to the Netherlands and former head of the Securities and Exchange Commission. Drexel is also recruiting trade consultant Roderick Hills, another former SEC chief, to serve on the firm's board. Neither had formally accepted by week...
...House Ways and Means Committee. They argue that a gas-tax boost -- the proposals span from about 7 cents per gal. to 50 cents -- would be simple to administer and would bring a gusher of new revenues. As fringe benefits, the tax would help the environment and the U.S. trade position...
...supported the harsh restraints already being applied by the Federal Reserve Board under Paul Volcker. Inflation succumbed, at last, to the thumbscrew treatment after Reagan waited out the most severe recession since the 1930s. This painful therapy, together with the borrowing binge required to finance the budget and trade deficits, produced the economic expansion now in its seventh year. Today, with unemployment at a 14-year low of 5.3% and inflation at a tolerable 4.4%, Reagan has a shield against charges that his economic accomplishments rest on quicksand. When asked about the intractable pathology of the underclass, he sometimes replies...
Containing the $155.1 billion federal budget deficit is the electorate's top assignment for its new leader. The fiscal shortfall is seen as the country's main economic problem by 43%, vs. 22% who name unemployment, 16% the trade deficit and 11% inflation. Seven out of ten support Bush's opposition to new taxes, but the same large majority predicts that he will fail to avert them...