Word: trading
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Dates: during 1960-1969
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...from seeking a third consecutive term, Marcos has the next four years in which to fulfill another ambition: securing a place in Philippine history. Though a friend of the U.S., he feels that Filipinos must find their own place in Asia. Marcos will soon begin to renegotiate U.S.-Philippine trade and military agreements; perhaps anticipating his action, the U.S. last week announced that it would close Mactan air base in the central Philippines. He also hopes to expand his country's economic and cultural contacts with Communist nations. Most of all, he wants to encourage a sense of regional...
...using huge supertankers of 200,000 tons and more, and to sending cargo from Asia to Europe via Seattle overland to New York. Egypt and Israel are building pipelines to pump Middle East oil to Mediterranean ports. Though a reopened Suez might have a diminished role in world trade, it would still be very busy. Freighters, liners and warships making up 80% of the world's tonnage could travel it fully loaded, as could tankers up to 70,000 tons. Even supertankers, whose fully loaded hulls are too deep for the canal's 38-ft. channels, could take...
...demands attacked alleged racism in the painter's trade and the other called for changes in construction hiring, which Afro said is characterized by "insidious patterns of discrimination...
OKUN: Federal pay is a real scary area now, given the attitude in Congress and the pressures of the unions. Let us take another simple thing like fair trade. If we could repeal the fair-trade laws that allow some manufacturers to fix retail prices, that action alone could reduce the consumer price index by an estimated three-tenths of 1%. Then there are oil imports and the whole range of policies regarding agriculture, which have important price implications...
HELLER: By 1971, I see us steaming back toward full employment and good growth. For the later 1970s, I am essentially an optimist. We will get back to a tolerable trade-off between unemployment and inflation, and we will again be growing in real terms at 4% a year. If we maintain our commitment to full employment and rapid growth, if we attempt to cope with the great social stresses and strains in our nation, it will be very tough to get the G.N.P. deflator consistently below 2.5%. We have to learn to live with something around...