Word: chromed
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Dates: during 1970-1979
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SECRETARY OF STATE Cyrus Vance announced last week that the Carter administration will move to repeal the Byrd amendment, which allows U.S. companies to buy Rhodesian chrome in defiance of the U.N. boycott of the southern African country. At this point, the gesture would be little more than symbolic. The U.S. does not need the chrome--Rhodesia supplies less than ten per cent of this country's needs, and the government here has stockpiled enough for almost a year anyway. The effect on Rhodesia, while real, would merely be yet another blow to an economy that has been slipping rapidly...
...charge now is James R. Tolbert III, a strapping (6 ft.) former football player who lights his pipe with a chrome-plate cigarette lighter engraved "June 26, 1972"-the day Four Seasons emerged from bankruptcy after two years of ax wielding. Tolbert fired many employees, slashing the ranks at the Oklahoma headquarters from 500 to 26. Unprofitable nursing centers were closed and sold off, and acquisitions were made in new fields: aluminum and packaging. During its most recent fiscal year the company earned $2.8 million on sales of $75 million. The Four Seasons name lives on, as a subsidiary...
Majority rule is also a new goal for Kissinger. Until recently he accepted the Byrd Amendment, which allows U. S. corporations to import Rhodesian chrome, in violation of U.N. sanctions. Even after he publicized his opposition to the Amendment last summer, the Ford Administration did very little to actually get it repealed. Nor has Kissinger done anything to press for prosecution of U. S. businesses like Mobil Oil that have broken the boycott illegally...
...eleven years since UDI, Rhodesia had survived surprisingly well as an international outcast. Dozens of international firms, as well as a number of countries, continued to do business with it despite U.N. sanctions; since the passage of the Byrd Amendment in 1972, U.S. firms had been buying Rhodesian chrome in open defiance...
...relaxation of the arms embargo against South Africa and prohibits the granting of U.S. tax credits for companies doing business in Namibia and paying taxes to South Africa. And it calls for the repeal of the Byrd Amendment which permits the importation of Rhodesian chrome. I asked Rep. Shirley Chisholm if she believes that Jimmy Carter would live up to the party platform principles on Africa. She said she believes he very clearly embraces these principles, and that no president has ever done as much as Jimmy Carter will do for blacks in Africa. She was thoroughly Carterized...