Word: boycotts
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PROPAGANDA. Cairo will tone down anti-Israeli propaganda, and will search for loopholes to permit investment in Egypt by foreign firms that are on the Arab League boycott list for dealings with Israel. Israeli cargoes, but not ships, will be allowed to pass through the Suez Canal. The U.S., meanwhile, will try to block anti-Israeli moves in the United Nations General Assembly and UNESCO...
...Until now, Sadat's offers-a three-year truce agreement and demilitarization of the passes with some sort of third-party supervision, perhaps by U.S. electronic gear-have not been enough. Jerusalem wants other concessions, such as a relaxation on Egypt's part of the Arab trade boycott against Israel or an end to anti-Israel propaganda. As a result, Israeli diplomats awaited Washington's reading of Sadat's latest offers with skeptical interest, since Rabin is scheduled to visit West Germany this week and Kissinger will be in Geneva to confer with Soviet Foreign Minister...
...than three nights a week. A widely leaked government report recently recommended that M.P.s receive a 40% raise of ?2,000 ($4,400) and possibly more. After Healey's announcement, 70 Labor backbenchers, fearful that they would be the first ones caught in the 10% net, threatened a boycott of committee meetings if they did not get the raise. Late last week a delegation took the matter to Wilson, pleading that they were a "special case." Wilson, in effect, promised them their money to help clear up "hangovers from the old pay round." Worse hangovers for the nation...
...market was thrown into near panic. Of course, nobody could have predicted that the crisis would hit so soon, simply because it was hard indeed to foresee the explosive political events that triggered it: the 1973 Middle East war and the subsequent rallying of the Arabs behind the oil boycott. But the fact remains that the market's price signals gave capitalist industry the wrong guidance on energy use, conservation and development. One reason is that while the market is an excellent short-term indicator of supply and demand, it does not purport to do well at forecasting the longer...
...wanting to settle the matter quickly. The summit meeting of the 43-nation Organization of African Unity is scheduled to be held next month in Kampala, and Amin, as the host, desperately wants it to be a success. Last week the government of Botswana announced that it would boycott the Kampala meeting because of Amin's "disregard for the sanctity of human life." Several other member states, possibly including Tanzania, Malawi and Zambia, may do the same...