Word: bans
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...drastic economic sanctions against South Africa first and see if they shock the white-dominated government into moving faster to end repression of the country's 22 million member black majority. To that end, the Senate last week voted 80 to 12 in favor of a bill that would ban new bank loans to South Africa, cut off nuclear trade, prohibit the sale of computers to government agencies and deny federal aid to the exports of nearly all U.S. companies with facilities there unless they obey what are known as the Sullivan principles. These are a set of six guidelines...
...Senate bill is far less sweeping than one passed by the House in a 295-to-127 vote last month. That version would ban all new investment in South Africa. A compromise approach will probably be worked out by a conference committee...
Even Reagan's signature on a sanctions law, however, would not end the debate. For one thing, the Senate bill threatens further sanctions, including a House-style ban on all new investment, to be voted on in 18 months if President Reagan judges that the progress toward breaking down apartheid is still inadequate. For another, nothing in prospect seems likely to still the clamor of those advocating a complete U.S. economic pull-out from South Africa. That clamor is apt to grow in the fall as students return to university campuses for a new semester and, probably, new demonstrations...
...controversy has battered Hutton's bottom line as well as its reputation. In May, New York City temporarily barred the firm from participating in two municipal-bond offerings, accusing Hutton of "stealing." Though the ban was lifted, it represented a loss of some $500,000 in fees and an incalculable amount of prestige. A New York state agency, the Metropolitan Transportation Authority, has indefinitely prohibited Hutton from doing any of its underwriting...
...style and record-smashing times had drawn worldwide attention in the months before the Summer Games, the accident was a traumatic blow to an already turbulent career. She had come under fire for obtaining last-minute British citizenship in order to race in the Olympics and evade the antiapartheid ban on South African athletes. Now she seemed an overreaching child who damaged things, perhaps including herself. "My world was shattered," she said later...