Word: tradings
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Dates: during 1980-1989
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...printing supplies in the British zone of Berlin. He soon went to London to found Pergamon Press, a publisher of scientific journals. His business and reputation grew rapidly; by 1964 he was elected to the House of Commons as a Labor M.P. But in 1971 the Department of Trade and Industry concluded that he was guilty of misrepresenting his company's financial position. He came close to losing Pergamon. Questions were raised about mysterious family trusts held in Liechtenstein...
...Trade Representative. Last week's numbers notwithstanding, the trade deficit remains a major threat to the domestic economy. The next trade rep, with fast-track negotiating powers, will face a thorny round of talks with members of the General Agreement on Tariffs and Trade and the need to continue pressing Japan and other U.S. trading partners to open more of their markets to American exporters...
...points, followed by the dollar's drop to near postwar lows against the yen. Investors who had sat quietly through candidate Bush's repeated taunts to Congress to "Read my lips -- no new taxes" decided that President-elect Bush had no convincing plan to cut the nation's towering trade and budget deficits. As the slide started, Bush hastily convened a seaside press conference to reassure nervous markets. With Atlantic waves crashing behind him, he allowed that his new burdens made him feel a bit "shell shocked," adding, "The problems are tremendous...
Within hours, the markets echoed that skepticism, accelerating the dollar's fall to a low rate of 121.52 yen. Improved trade figures did not stanch the bleeding; the damage was halted only by the purchase of $5 billion by foreign central banks, led by the Bank of Japan. Noted John Williamson, a senior fellow at Washington's Institute of International Economics: "Foreign investors are not happy. They read Bush's lips...
...quickly discovering, as John F. Kennedy put it, that it is "much easier to give the speeches than to make the judgments." Bush won the White House by promising no new taxes, no significant spending cuts -- no pain. Now he has moved into the world of knuckle-biting trade-offs and compromise. Having spent much of his adult life striving to be President, George Bush finally is getting his chance to act like one -- and sooner than he expected...