Word: abandonement
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...currency basket, China will need to diversify its enormous portfolio of foreign-exchange reserves, which totaled some $660 billion at the end of the first quarter. Other Asian countries?also massively overweighted in dollars?should follow China's lead. The near-simultaneous announcement by Malaysia that it would abandon the ringgit's dollar peg in favor of a managed basket float confirms such a possibility. The Bank of Korea has also been itching to diversify out of dollars...
Discussed at a meeting of state party chairmen in Orlando two weeks ago, the poll has created a stir. Said one party official: "We've got to find a way to communicate better with the middle class." Does the rebuff of the fairness issue mean that the Democrats will abandon their traditional commitment to helping the disadvantaged? "The notion of fairness is not being rejected," D.N.C. Chairman Paul Kirk gamely insisted. "The middle class is just saying, 'Don't forget us.'" Kirk may wish that party officials would forget the poll. He has ordered them to quit talking about...
While Gemayel temporarily preserved his authority, he had condemned his country to yet another round of blood-letting. Assad is unlikely to abandon his objective of imposing order on Lebanon, although he is reluctant to commit Syrian troops to the battle. One Syrian option would be to starve Lebanon economically by shutting off its seaports. Said the Beirut leftist daily newspaper As Safir, which often reflects Syrian strategy: "[Gemayel] will not be able to rule, and total paralysis will engulf the state." That situation would be acutely painful for Lebanon's long-suffering citizens, especially since they seemed so close...
Perhaps the most important difference between the two countries is that South Korea borders on Communist North Korea. The Communist danger makes it very unlikely that the Reagan Administration would abandon the Chun government. "We are not going to try to foment revolt in South Korea," says one State Department official...
...hints that he senses a yearning the world over for reducing tension, for paying more heed to people's needs. Maybe, he muses, they sense it in the Soviet Union too. "I've never believed I could break new ground with the General Secretary, that I could make him abandon his beliefs and embrace ours. The leopard is not going to change his spots. But what we do there can be for his good...