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BUSINESS
March 28, 1989 | From Associated Press
The improving U.S. trade deficit, the biggest factor promoting domestic growth last year, is on the verge of stalling out unless the Bush Administration moves quickly to devalue the dollar and reach a budget agreement with Congress, a research institute warned Monday. The Institute for International Economics said that unless the United States is able to get its trade problems under control, the country faces the threat of a recession, triggered by the flight of foreigners from U.S. investments.
NEWS
November 30, 1990 | OSWALD JOHNSTON, TIMES STAFF WRITER
International sanctions against Iraq have an unusually high likelihood of succeeding, but it might take 18 months or two years before they could persuade Saddam Hussein to withdraw from Kuwait, a Washington economic think tank said Thursday. The Institute for International Economics estimated that the global oil embargo eventually will reduce Iraq's economy by nearly half--an amount 20 times the average impact of past "successful" embargoes in this century.
NEWS
November 30, 1990 | OSWALD JOHNSTON, TIMES STAFF WRITER
International sanctions against Iraq have an unusually high likelihood of succeeding, but it might take 18 months or two years before they could persuade Saddam Hussein to withdraw from Kuwait, a Washington economic think tank said Thursday. The Institute for International Economics estimated that the global oil embargo eventually will reduce Iraq's economy by nearly half--an amount 20 times the average impact of past "successful" embargoes in this century.
BUSINESS
October 22, 2001
* Tuesday, Federal Reserve Chairman Alan Greenspan, in a taped statement, addresses the American Bankers Assn.'s Virtual Annual Conference, conducted over the Internet. * Wednesday, Greenspan is scheduled to deliver an address on "Globalization" at the Institute for International Economics, in Washington. * Friday, Greenspan, speaking by satellite, addresses the National Council on Economic Education in Chicago.
BUSINESS
December 19, 1994 | From Times Staff and Wire Reports
Trade Barriers Cost Consumers, Study Says: According to a study by the Institute for International Economics, the trade barriers that keep foreign goods out of Japan cost consumers as much as $110 billion in 1989 (or as much as $150 billion at current exchange rates) but enrich Japanese companies, making it politically difficult to dismantle them.
BUSINESS
September 30, 2002
* Today, Institute for International Economics hosts conference in Washington on outlook for global growth. Speakers include Paul Volcker and George Soros. Treasury Secretary Paul O'Neill speaks to Council for Global Development on foreign aid. * Tuesday, new government fiscal year begins. Senate Commerce Committee holds hearing on delays in broadband deployment. House Commerce subcommittee holds hearing on accounting fraud in telecommunications industry.
BUSINESS
December 7, 1992 | From Times Staff and Wire Reports
Steel Talks to Resume: The government plans to commence a new round of multilateral steel-trade talks this week at a time of strained relations between U.S. producers and their foreign competitors. The negotiations, set to resume Wednesday in Geneva, are expected to involve many of the same countries that are targets of sweeping unfair trade complaints filed by U.S. steel makers in June.
NEWS
January 18, 1988
Commerce Secretary C. William Verity Jr. said he believes the U.S. economy is strong enough to stabilize the dollar at about its current level, after its recent sharp decline. In an interview on the ABC-TV program "This Week With David Brinkley," Verity cited an increase in U.S. exports as well as the reduction in the nation's trade deficit for November to $13.2 billion from $17.6 billion the month before. He predicted that the economy would remain healthy for at least the rest of this year.
BUSINESS
March 28, 1989 | From Associated Press
The improving U.S. trade deficit, the biggest factor promoting domestic growth last year, is on the verge of stalling out unless the Bush Administration moves quickly to devalue the dollar and reach a budget agreement with Congress, a research institute warned Monday. The Institute for International Economics said that unless the United States is able to get its trade problems under control, the country faces the threat of a recession, triggered by the flight of foreigners from U.S. investments.
BUSINESS
September 11, 1989 | From Times Wire Services
The effort by the United States and other top industrial countries to stabilize the value of the dollar has broken down, running the risks of higher U.S. trade deficits in future years, economists at a Washington research institute said today. "The coordination process is in shambles," said C. Fred Bergsten, director of the Institute for International Economics.
BUSINESS
October 30, 1985
Even if Japan were to remove all trade barriers, its $50-billion trading surplus with the United States would be pared by only $5 billion to $8 billion, private analysts said. The study by C. Fred Bergsten and William R. Cline of the Institute for International Economics concluded that the U.S. trade deficit with Japan will never sink below $20 billion to $25 billion a year, regardless of whatever steps either government takes to correct the imbalance.
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