November 12, 1988 |
Commerce Secretary C. William Verity Jr. said Friday that he will not seek reappointment when George Bush becomes President on Jan. 20. "He wants younger people, and I applaud him for that," said Verity, who is 71. "I was retired when I took this job, and I guess I'll be retired again." Verity, named commerce secretary in August, 1987, after Secretary Malcolm Baldrige was killed in a rodeo accident, said he is ready to help Bush in the transition to the new Administration.
October 20, 1987
President Reagan, at a swearing-in ceremony for new Commerce Secretary C. William Verity Jr., said that the Commerce Department "must be ever vigilant in stopping this kind of harmful technology transfer to our adversaries." Verity, 70, former chairman of Armco Steel Corp., has been criticized by conservatives for his advocacy of closer trading ties with the Soviet Union.
May 25, 1988 |
Commerce Secretary C. William Verity Jr. predicted Tuesday that the Reagan Administration would exceed its goal of cutting last year's $171-billion deficit by more than 15%. "At this point in time I think that we will probably do better than the 15%," he said on NBC's "Today" program. He said that would cut the trade deficit to a little below $150 billion and added that he thought it could be cut below $100 billion in two or three years. The monthly U.S.
November 18, 1987 |
New Commerce Secretary C. William Verity, leaving on his first official trip abroad, said Tuesday that he will warn Japanese officials about artificially low prices on exports to the United States and stress the possibility of retaliatory duties against companies involved in product "dumping." The commerce secretary, speaking before his departure for a weeklong visit to Japan, summed up his mission in one sentence: "The relationship is increasingly soured by one bad apple: trade." The U.S.
December 4, 1987 |
Commerce Secretary C. William Verity said Thursday that the Soviet Union was a potentially large new market for U.S. goods, but cautioned that expanded trade was not going to come quickly. He also said he planned to meet with Soviet businessmen and perhaps Soviet leader Mikhail Gorbachev, after Gorbachev's summit meeting here with President Reagan next week. Verity said at a news conference he and a number of U.S.
August 19, 1988 |
The dollar closed lower against other major currencies Thursday but only after repeated and concerted central bank selling, traders said. Gold closed higher in quiet trading. The dollar succumbed to intervention by the Federal Reserve and key central banks in Western Europe after brushing it off in Wednesday's trading. The Fed was said to have sold dollars to buy West German marks twice in late trading Thursday in New York, when the market was light and more vulnerable to the action.