Word: setbacks
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...three months straight, the statistics had been reassuring the U.S. that its troublesome trade deficit was finally on the mend. Last week came a setback. The Government said the trade gap widened to $12.5 billion in June, from $9.8 billion the previous month. Both sides of the balance sheet showed that overseas producers were once again grabbing a larger share of the market. U.S. exports, which had been rising robustly thanks to the downsized dollar, slumped 2.4%, to $26.8 billion. Imports arrived in a fresh wave, rising 5.7%, to $39.4 billion...
BOSTON--In a setback for Gov. Michael S. Dukakis, the state's highest court ruled yesterday that there is no legal justification for the governor's claim of "executive privilege" and ordered him to divulge sensitive planning documents...
...individual no longer able to cope. But his death can also be seen as a painful parable about how seriously many Japanese managers view responsibility and how they deal with failure. While many Americans feel little company loyalty and switch fairly easily to another firm when confronted with a setback, the Japanese tend to regard a job as a lifelong proposition and judge themselves entirely in the light of how well they do it. For some Japanese, especially those in their late 40s or older, failure to perform is equivalent not only to letting down the company but also...
CAPE CANAVERAL, Florida--America's space program suffered another setback yesterday when a computer reported a valve problem and aborted the test-firing of space shuttle Discovery's engines a fraction of a second before ignition...
...crash was a painfully timed psychological setback for Europe's costly venture in commercial-jet building. The A320 is a daring new breed of plane, the world's first commercial airliner in which the pilots "fly by wire" -- controlling the engines and wing surfaces (rudder, flaps, ailerons) via computers and electronic commands rather than hydraulic or cable linkages. The fallen jet was only the sixth A320 to come off the assembly line at the Airbus Industrie consortium's plant in Toulouse. But the questions arising from the accident apply to the entire aircraft industry, for the planes of the future...