Trade bills feature more bark than bite
Article Abstract:
Congress is divided between pressure from interests that want to punish foreign countries that have developed large trade surpluses at the expense of US business, and factions seeking legislation that would be acceptable to the Reagan administration. The House of Representative is likely to pass some revised trade laws this year, but the final measure will probably leave out controversial, retaliatory provisions. Some companies such as Motorola are joining organized labor in supporting provisions which would require retaliation against major trading partners that maintain large trade surpluses by unfair means. Firms such as AT & T, IBM, Boeing, and Pepsico Inc see imposition of trade sanctions as a dangerous course and support the Rostenkowski bill, which would do little to penalize foreign countries.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1987
User Contributions:
Comment about this article or add new information about this topic:
Congress to head the vile raiders, insider traders off at the pass
Article Abstract:
Pending federal legislation such as the Tender Offer Disclosure and Fairness Act of 1987 reflects Congressional and public concern over insider trading and merger 'mania'. The key element of the new legislation is enhanced disclosure, but this may not address the motivating force behind mergers. Electronic Data Systems assistant treasurer Douglas M. Crow says that the proposed legislation should focus on limiting the parking of stock, and that group conspirators must be stopped from obtaining illegal quantities of shares. Crow suggests that a second major barrier to reform of trading is the lack of a clear definition of what insider trading entails.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1987
User Contributions:
Comment about this article or add new information about this topic:
Pre-shipment inspections pose rising threat to exports
Article Abstract:
Developing countries now require US exporters to conduct pre-shipment inspections. The foreign governments pay for the inspections, but the costs for document processing and shipping delays must be borne by the exporter. Even more serious is the fact that the inspectors have the authority to make the exporter lower the price. Exporters who do not comply will not be given their letters of credit. This might allow inspectors to effectively control world prices. The American Association of Exporters and Importers has asked Congress and the International Trade Commission to intercede in this matter.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1987
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Space audits come to the city. Interpreters to the world of finance. Worth more than the paper it's printed on
- Abstracts: The future of IT and the accountant. The price of everything and the value of nothing? Turn again, professor Whittington
- Abstracts: Budget use, task uncertainty, system goal orientation and subunit performance: a test of the 'fit' hypothesis in not-for-profit hospitals
- Abstracts: New law taxes excess distributions and contains additional restrictions on plans. Rules on plan distributions and rollovers modified by new law, but many options remain
- Abstracts: GM revs up its EFT engine. Measuring up for the top financial jobs. Corporate trade payments get a big push from Uncle Sam