The Michigan Daily - Friday, February 21,1992- Page 7
d
_ ,
Trade
billion;
* WASHINGTON (A
America's trade deficit in
dramatically in 1991, fallin
$100 billion for the first
eight years as exports hit
high and the recession he]
imports, the government
yesterday.
While the 35 percent dr
deficit to $66.2 billion rep
America's best trade perfi
since 1983, analysts saw p
problems ahead.
America's deficit with J
tually rose during 1991, c
by 5.7 percent to $43.44
representing two-thirds of
imbalance.
And the overall deficit v
considerably in Decembe
by 42 percent to $5.94 b
U.S. exports fell for a
straight month and imports
2.3 percent.
Analysts have forecast
let
icit dives below $100
exports hit record
P) - trade gap will widen considerably more internatio
nproved this year as export growth falters were recorded i
g below because of weakness in many of of the world.
time in America's major overseas markets. "The success
a record That would represent a setback in international
1d down for the Bush administration, which to be the brigh
reported is counting on continued healthy economy. Exp
export gains to help lift the stagnant strong contribut
op in the U.S. economy. recovery this ye
resented The Labor Department reported sion of U.S. j
ormance yesterday that the number of newly Commerce Se
)lenty of laid-off workers filing claims for Schnabel.
unemployment benefits rose to With the Ur
apan ac- 452,000 in the first week in gling to mount a
climbing February, an increase of 18,000 from the recessi
billion, over the previous week. to foreign comp
the total Analysts viewed the increase as a major political
further evidence of a weak labor Republican
vorsened market beset by continuing layoffs Buchanan and ti
r, rising in autos, electronics and other man- didates have all
illion as ufacturing industries, failing to do er
second The Bush administration hailed foreign trade ba
climbed the sharp improvement in the 1991 have charged th
trade deficit as proof that American to Japan was an
that the industries are competitive once failed to extract
high
nally. Export gains
in virtually all parts
s of U.S. exporters
markets continues
ht spot in the U.S.
orts will make a
ion to the economic
ar and to the expan-
obs," said Acting
cretary Rockwell
nited States strug-
a sustained recovery
ion, the loss of jobs
etitors has become
I issue.
challenger Patrick
lhe Democratic can-
[ attacked Bush for
nough to dismantle
riers. Bush's critics
hat last month's trip
embarrassment that
meaningful conces-
sions.
Much of last year's improve-
ment reflected stronger sales min
Latin America and Europe, where
America's trade surplus registered a
four-fold increase to $16.13 billion.
The second largest deficit after
Japan was recorded with China, am
imbalance of $12.69 billion, up 22
percent from 1990.
The $66.2 billion trade deficit
for all of 1991, the lowest since a
$52.4 billion 1983 deficit, was
$35.5 billion below 1990's trade
gap of $101.7 billion. The record
deficit was $152.1 billion set in
1987.
Much of last year's improve-
ment reflected the effects of the
U.S. recession, which dampened
demand for foreign goods. Imports
fell by 1.5 percent to $488.06 bil-
lion. Oil imports dropped by $10.3
billion while car imports were
down $2 billion.
American exports climbed to a
record $421.85 billion last year, up
7.2 percent from the previous year.
Big export gainers were aircraft
sales, up $4.2 billion, and comput-
ers and semiconductors, up $2.3 bil-
lion.
Gene discovery may
aid in diagnosis for
muscular dystrophy
BOSTON (AP) - Researchers
said yesterday they have pinpointed
the gene that causes the most com-
mon adult form of muscular dystro-
phy, the latest in a series of discov-
eries that should lead to early diag-
nosis and perhaps eventual treat-
ment.
The discovery already provides
more clues about why this inherited
disease gets worse as it is passed
from generation to generation.
The disease, called myotonic
dystrophy, affects about one in every
7,000 to 8,000 people worldwide.
Three research teams with mem-
bers in the United States, Canada
and Europe discovered the gene al-
most simultaneously. One of their
reports will be published in today's
issue of the journal Cell. The other
two will appear March 6 in the jour-
nal Science.
"The new results will permit very , ";
precise methods for diagnosing the
disease prenatally and before symp"
toms appear and identifying carniers" ,
of the gene, said Dr. Henry Epstein
of Baylor College of Medicine in
Houston, a member of one of the re-a
search teams.
Experts caution, however, that
the discovery does not immediately,
suggest any obvious ways of stop-.--
ping or preventing the disease,-
which causes weaknes and wasting, "
of muscles.
"Treatment is not just around tho p
corner," said Dr. David Brook :of
Massachusetts Institute of
Technology, another co-discoverer.
However, the findings at least
help scientists begin a systematic
search for therapies.
I
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MONEY MAKING OPPORTUNITY
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STAFF NEEDED FOR MACKINAC IS-
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contact Iroquois Hotel, winter office, 2488
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month of March. $6 per hour to start, $7 for
fluent Spanish interviewing. Apply in person,
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avaible Mon. Feb. 17-Mon. Mar. 2. For ad-
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No further phone calls accepted. A
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VECTOR RESEARCH INC., is looking for
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their resume to : Vector Research,
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sonnel (CR) P.O. Box 1506. Ann Arbor,
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