Trade battles fade but protectionism lingers in 1987
Washington debate over import restraints cools after stock market slump. Yet a weaker dollar boosts U S exports while deficits persist. As 1988 approaches, policymakers warn that imports could again trigger calls for tariffs, with Verity pressing Japan on prices and public works bids amid lingering disputes with major partners.
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Washington
United States
Wall Street
Richard Gephardt
D-Ma
House
Japan
U.S
West Germany
Lawrence Chimerine
Reagan
C. William
Verity
Tokyo
America
House-Senate
ATMs Here To Stay Fees May Follow
Banks increasingly rely on ATMs with half of U S banks charging for foreign transactions and fees ranging from 25 cents to 1 25 per withdrawal. The HAPPY network links multiple banks yet varies by policy, while some institutions require minimum balances to avoid maintenance fees. Users are urged to track withdrawals and receipts to manage budgets amid a growing regional and national ATM network landscape.
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John F. Love
Bank Network News
Love
Beth Kobliner
U.S
Tokyo
Steve
Bank X
Bank XE
HAPPY
Happy Network
Bank Y
Lisa
Bank Z
Factory orders rise despite military slump in November
The Commerce Department reports durable goods orders edged up 0.03 percent to 111.09 billion in November as defense equipment dropped 3.7 percent. Excluding military, orders would have risen 0.4 percent, with gains driven by export sales and a weaker dollar boosting U.S. manufacturing internationally. Some economists foresee slower growth but avoid a recession next year as momentum from 1986 remains.
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Washington
U.S
I Commerce Department
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