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Fortunately, most defense suppliers will be able to absorb at least the immediate impact of the cutback. As is the case with nearly all U.S. military exports, the Defense Department protects manufacturers by routinely requiring buyers to deposit enough money in a Government-administered trust account to cover a company's start-up costs under a contract. The money, which in the case of Iran totals $500 million, is held in escrow until work is completed and all the equipment has been delivered and paid for. At the same time, the contracts themselves also normally require buyers to make...

Author: /time Magazine | Title: Business: Double Jeopardy In Iran | 2/19/1979 | See Source »

...fraction of those who apply. While China is by no means a liberal democracy, its dissident intelligentsia is far less visible and vocal than Moscow's. Indeed, Peking is probably willing to release more of its nearly 1 billion citizens than the rest of the world could possibly absorb. Thus it would be easier for Carter to extend MFN to China than to the Soviet Union. However, in the interests of evenhandedness, the Administration wants to seek MFN for China and the Soviet Union at the same time, and it would prefer to do so much later this year...

Author: /time Magazine | Title: Nation: Who Is Most Favored? | 1/29/1979 | See Source »

Albert M. Sacks, dean of the Law School, said yesterday he plans to review the new calendar after the end of the winter term. "Some students might not be getting enough time to absorb the material in concentrated courses," he said...

Author: By Scott A. Rosenberg, | Title: Law Students Begin New Winter Term | 1/8/1979 | See Source »

Enough! We can't absorb the surplus population of the entire world! Leave the Vietnamese and the Cambodians [Dec. 4] in Southeast Asia. Help to keep them from starving, yes, but send the help there. Political situations change. Perhaps they can be repatriated in a few years, but if they are brought here, we will be stuck with them forever...

Author: /time Magazine | Title: Letters, Jan. 1, 1979 | 1/1/1979 | See Source »

...that an undergraduate college is not the place for a professional conservatory, that the job of a college is to "arouse an appetite for the arts" and "a respect for excellence and a sense of humility." Colleges should function, he writes, "as a substitute for the culture that Europeans absorb quite naturally from their home and their society...

Author: By David B. Edelstein, | Title: A Brustein Portrait | 12/9/1978 | See Source »

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