Word: adoption
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Dates: during 1960-1969
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...Reported COMAP's Chairman J. Peter Grace, 49, international-minded president of W. R. Grace & Co: the Alliance "in its present size and form cannot succeed." Investors are frightened away by the "unfavorable business climate" in Latin America. Profits are low, risks high. The U.S., continued Grace, should adopt a "carrot-and-stick approach." with grants and loans to encourage Latin Americans to enact laws more hospitable to private investment. The committee recommended greater tax incentives and deductions as a cushion against heavy losses. Even then, concluded Grace, "it is unlikely that normal conditions attractive to foreign capital...
...argued that the incentives and grants are only "stopgap" remedies. In the long run, "encouragement of private enterprise, local and foreign, must become the main thrust of the Alliance." The U.S., says the Rockefeller group, "should concentrate its economic aid program in countries that show the greatest inclination to adopt measures to improve the investment climate, and withhold aid from others until satisfactory performance has been demonstrated...
...worshiping God in their own way?" Answered the Pope: "You are right, my son. Leave the draft with me." Last fall, at the Vatican Council. Augustin Cardinal Bea of the Secretariat for Promoting Christian Unity argued with Spanish bishops on the Pope's behalf, urged them to adopt a more ecumenical attitude toward the country's Protestants...
...more workable but more daring alternative for Britain would be to adopt a free-trade policy. By taking advantage of President Kennedy's Trade Expansion Act of 1962, Britain and the U.S. could reduce tariffs up to 50% on all the major items traded between them. Since under the GATT convention, these cuts would also be extended to other nations, the effect would be to open Britain to a freer flow of trade and force the inefficient manufacturers who are endangering Britain's economic health to modernize or perish...
...director expects to have pedestrian phases added to many traffic lights, but insists, "We cannot put any more pedestrian signals up unless we adopt a jaywalking law." In accordance with a recently passed state law, all new pedestrian signals will be electric "Walk-Don't Walk" signs, rather than the traditional red and yellow lights...