Word of the Day
In 1990 Iraq's Saddam Hussein aimed to corner the world oil market through military aggression against Kuwait; control of oil represented the acme of his ambitions. -- Richard Rosecrance, The Rise of the Virtual State
Americans tend to squirm about the messiness of their two best-known trade agreements with Japan: the "voluntary limitations" that have restricted exports of Japanese cars to the United States since 1981, and the semiconductor agreement of 1986, which declared by fiat that foreign manufacturers should get 20 percent of semiconductor sales in Japan. -- James Fallows, "Containing Japan", The Atlantic, May 1989
