Word: tradings
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Dates: during 1980-1989
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MOST economic experts agree that the trade deficit is the result of more than an overvalued dollar. American industry is getting beaten in the world market by being slow to innovate. Surpluses that foreign countries channel into research and development are divied up by American companies as short-term profits. While foreign governments help develop new competitive advantages for their companies, our elected leaders allow Wall Street executives to squander time and money on corporate takeovers, which produce nothing...
...Feldstein goes a step beyond a dispassionate economic argument by making his plan into a panacea for the trade deficit--when it's not. The United States could let the dollar fall to eliminate its huge trade deficit. As American goods get relatively cheaper and foreign goods more expensive, America will be selling more and buying less, until eventually our trading accounts balance. In fact, Bush may choose to follow this plan to eliminate the deficit...
...tributaries, staying clear of "the tough people, who have gloves anyway," and seeking out "the little old guy who is frightened of people." Sometimes he hands gloves to men who are muttering aimlessly over the rubble of their lives, barely aware of what they are clutching; some quickly trade them in for a pint of cheap wine. "It doesn't make any difference. When you give a gift...
Last Friday a green loudspeaker truck patrolled Spitak, urging all women and children to leave the town. In clipped Armenian, the voice assured residents that they would be sent to trade-union vacation centers in Georgia and the Crimea. Officials said about 38,000 people had been evacuated from the entire earthquake-damaged region and up to 70,000 were expected to leave. But many women in Spitak and other devastated communities refused to go, preferring to keep vigil by the still entombed bodies of their loved ones. "Why should we leave?" asked an elderly woman in Spitak. "This...
Boeing seems assured of maintaining its dominance of the commercial-airliner market, commanding about a 60% share. As the largest exporter of U.S.-manufactured products, Boeing through its sales contributes not only to Washington State's economy but to the U.S. trade position as well. Foreign airlines have placed some 60%, or $50 billion worth, of the company's current order backlog...