Word: exportable
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Dates: during 1990-1990
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...saturating the world with its myths, its fantasies, its tunes and dreams. At a moment of deep self-doubt at home, American entertainment products -- movies, records, books, theme parks, sports, cartoons, television shows -- are projecting an imperial self-confidence across the globe. Entertainment is America's second biggest net export (behind aerospace), bringing in a trade surplus of more than $5 billion a year. American entertainment rang up some $300 billion in sales last year, of which an estimated 20% came from abroad. By the year 2000, half of the revenues from American movies and records will be earned...
...always felt that the export of our vulgarity is the hallmark of our greatness," says Styron, who lived for many years in Paris and whose books always sell well in France. "I don't necessarily mean to be derogatory. The Europeans have always been fascinated by wanting to know what's going on with this big, ogreish subcontinent across the Atlantic, this potentially dangerous, constantly mysterious country called the U.S. of A." American popular culture fills a vacuum, vulgar or not. "French television is a wasteland; ours is a madhouse. But at least it's vital," says Styron. "Dallas...
...debt isn't necessarily to lay everybody off and have a depression. Massive bankruptcies would wipe out a lot of debt but also make us a lot poorer. No, muddling through is a better idea, working down the debt over many years. By making things for export rather than for our own consumption, by spending more on infrastructure and less on shopping centers, and by spending less on the elderly and more on preschoolers, we could gradually strengthen our national balance sheet...
...Britain, exports to Baghdad might have matched last year's $732 million, which were supported by a $628 million government-guaranteed line of credit announced by the Department of Trade and Industry in November 1988. At the time, DTI Minister Tony Newton said the government was nearly doubling the export credit line because of the ministry's confidence in the "long-term strength of the Iraqi economy...
...banks have also been put up for sale. Since 1989, when he set out to liberalize foreign-investment regulations, $5.2 billion in new capital has flowed into Mexico, along with consumer goods once unavailable. Salinas has also rectified a dangerous reliance on oil, which produced 78% of Mexico's export income in 1982. Today it accounts for less than...