Word: buying
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Dates: during 1970-1979
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Having thus traded blows inflicting roughly equal economic damage on each other, Washington and Moscow might pause and decide to start negotiating. This, at least, is the argument for having a capability for waging limited nuclear war. It could buy time and prevent Washington from facing, at a moment of confrontation with the Kremlin, the dilemma of having either to capitulate or to order a massive atomic attack. But there is an obvious, enormous danger. Once the military nuclear threshold is crossed, there is no guarantee that the momentum can be controlled to keep the exchange limited. Warns Secretary Brown...
...creeping elitism is not lost on Peking's leaders, who are well aware that the average worker must wait years just to buy a bicycle and that according to reliable Chinese sources, some 200 million peasants remain in a state of "semistarvation." A recent ruling by Peking authorities reportedly put a limit of $4,000 on the value of foreign "donations." Last month the official People's Daily harshly attacked self-indulgent cadres who have illicitly built "new super-luxuriant homes" and who "practice waste and extravagance and eat and drink their fill under all sorts of pretexts...
...fine tuning seems momentarily to be replenishing crude-oil stocks largely because the Administration is now urging oil companies to go out and buy whatever crude they can acquire on the world market. Diesel fuel and heating oil remain critical problems. Diesel is still generally available to farmers and truckers, though at prices that brought a column of truckers to Washington last week to double-park their rigs in front of the White House in protest. But heating-oil stocks have dwindled to only about 85% of last year's levels, and they must be rebuilt by autumn...
...squeeze is being aggravated by competition from Western European importers, who are paying premium prices to buy up heating oil that is refined in offshore Caribbean refineries and normally goes to the U.S. market. To ease the pinch, the Administration is now providing a temporary $5-per-bbl. subsidy for U.S. importers to match the European price. This has infuriated Europeans, who rightly argue that U.S. policy is fueling a price war that will hurt everyone...
...point seemed valid to those who could see a similarity between Engelhard and Hitler's characters. Graham T. Allison Jr. '62, dean of the K-School, did not buy the argument, however. Part of his job is to take into account the interests of alumni and donors to the K-School--in this case Engelhard's daughter, Sophie (MPA, '77)--and those of K-School students. He says protesters have shrouded the issue in rhetoric. "It was a triumph of symbolism over substance. It had no impact on anybody who lives in South Africa or who might have been...