Word: basin
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...inadequacies of the President's approach stem from his failure to recognize the historical roots of the Caribbean basin's economic distress. The nations of Central America and the West Indies are suffering from a legacy of colonial exploitation that has left most dependent on a single crop--sugar--which they compete against each other to sell to the U.S. These nations lack any substantial industrial infrastructure and are net importers of food because so much of their land is either eroded or under export crops...
...centerpiece" of Reagan's proposals in the listing of import duties on the 13 percent of Caribbean basin products that are not already duty-free. This change--hardly "dramatic" in its impact on the region's economics--doesn't go nearly as far as it might have. Duties on clothing and textiles remain in place, keeping the reins on just the kind of labor-intensive manufacturing that might benefit the region's nations...
...LITTLE WHILE, things seemed hopeful, President Reagan, unveiling his much-touched plan for the Caribbean Basin to the Organization of American States, began his speech with an apparent apology to the nations of Central America for past U.S. belligerence. "Yes, at times we have behaved arrogantly and impatiently toward our neighbors. These experiences have left their scars." He then unveiled a program that in parts seemed too good to come from the New Right school of diplomacy. It included, for example, more favorable trade agreements for Central American countries, tax incentives to stimulate investment in the basin, increased training...
American drilling activity has already leveled off in the Williston Basin of Montana and the Dakotas and the Austin Chalk of central south Texas. Chesley Pruett, a drilling contractor operating out of El Dorado, Ark., said recently, "Last year at this time I had my rigs booked up six months in advance. Now the work is coming in well by well...
Garth Smith, a senior and one of the three, said the group was attempting to plant wheat and cottonwood tree seeds in the area where the cooling basin will...