Word: basics
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Dates: during 1980-1989
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...packaged-food companies went on a buying binge, gobbling up disparate lines of business that ranged from luggage to toys to women's clothing. Now many are discovering that their eyes were bigger than their stomach, and they are getting back to basic areas of expertise. The latest to join the trend is Chicago's Quaker Oats, the breakfast giant. It will shed its nonfood division, the Specialty Retailing Group, which accounts for 6% of the company's $3.67 billion in sales. Acting on the same impulse, Northbrook, Ill.-based Dart & Kraft (1985 sales: $9.9 billion) had previously announced that...
...farm act gave the Secretary of Agriculture the authority to slash the basic loan rates to force farm prices down and make American products more attractive overseas. But Congress cushioned the impact of lower prices on farmers by increasing cash subsidies. Moreover, the lawmakers relaxed a $50,000 cap on payments to individual farmers...
Michigan illustrated Robertson's basic strength: instilling a political mission among Evangelicals who were previously inactive in campaigns. In politics these days, the label Christian has connotations that go far beyond religious beliefs; it refers to advocates of a social and political agenda based on the conservative moral outlook shared by many Evangelicals. "It's so great to have some Christians in politics," says John Edison, a community- college student and Robertson precinct delegate from the town of Portage, Mich. In Iowa such Christian activists have already won effective control of the Republican organizations in two counties, including...
Jackson's own basic platform (substantial cuts in military spending, a massive revival of Great Society-style social programs) is unchanged from 1984. But, like Robertson, he is seeking to take a stand on everything. In a speech last week he pledged to "study and master Soviet-American relations." His positions in many cases are the exact reverse of Robertson's. While Robertson advocates that the U.S. recognize the Nicaraguan contras as a government in exile, Jackson invited the Sandinista leader to dinner at his home in Chicago and some "backyard diplomacy" under a basketball hoop. Earlier, Jackson participated...
...special two-day meeting of seven leaders of the 49-nation Commonwealth last week. Actually, relations between Thatcher and her Commonwealth colleagues were strained at the beginning of the session and got steadily worse. In the end Indian Prime Minister Rajiv Gandhi accused Britain of "compromising its basic values for economic gain." An even angrier Kenneth Kaunda, the President of Zambia, described Thatcher as a "pathetic figure" who was "worshiping platinum and gold...