Word: bankes
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Dates: during 1970-1979
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...Chinese history while a doctoral student at the University of Washington. As our Hong Kong correspondent, he covered the People's Republic of China. Traveling in Eastern Europe for this week's story, Aikman talked with a variety of individuals, from tractor drivers on collective farms to bank managers, and found that "few people had given a thought to socialism as a philosophical entity, and none were really able to tell me what they thought socialism meant...
Nonetheless, there are signs that the regime is having second thoughts about the pace of its economic strategy. Dar es Salaam has endorsed a World Bank study that, among other things, calls on Tanzania to 1) spend less on social services and more on industrial and farm development, 2) pay peasants more for crops to spur productivity, 3) stop forcing villagers to join the ujamaa work brigades...
...rude shock. The man who administered it was Israeli Premier Menachem Begin. While discussing the stalled peace negotiations, Begin told Atherton that he believed United Nations Resolution 242, which, among other things, calls for the withdrawal of Israeli forces from occupied territories, does not apply to the West Bank. Begin's curious argument: under the terms of 242, the Israelis need withdraw only from territories whose sovereignty they recognize, and Israel has never recognized Jordan's sovereignty over the West Bank...
...completion of a declaration of principles that Israel and Egypt could sign; it would almost rule out any chance that Jordan's King Hussein would then join the peace process because Begin's interpretation of 242 forecloses Hussein's hope of getting back the West Bank territory he lost in 1967. If Begin does not have a quick change of mind before leaving for Washington next week, his visit with Carter may be an unsmiling...
Georgia's biggest bank on the losing side...