Word: closers
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Dates: during 1970-1979
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...third and last day of the visit, the two Presidents announced a wide-ranging agreement that brought Egypt and the U.S. closer together than ever before-but will pose delicate problems for Nixon when he visits Israel this week. The President promised to try to provide Egypt with nuclear reactors and the know-how to operate atomic-power stations by the early 1980s. The main catch: working out a foolproof safeguard system to guarantee that the Egyptians could not use the nuclear equipment to make atomic weapons. The prospect of the Arabs' getting nuclear help from the U.S. raised...
Looming across the Himalayas from Bhutan is the threat of China, which claims some of the small (18,000 sq. mi.) kingdom. It was because of the Chinese shadow, in fact, that the King's father began to modernize Bhutan and bring it closer to India, which advises the tiny country on its foreign affairs and trains its army. Roads to India's West Bengal State were carved through mountains and jungles, and in 1968 the first airstrip was laid down, a step that immediately cut travel time from West Bengal to Bhutan from five dangerous and uncomfortable...
Last week Rohatyn moved a step closer to bringing it off. The Lockheed and Textron boards approved a plan for Textron to buy 45% of Lockheed's stock for $85 million. The two will not merge, but Textron Chairman G. William Miller, a 49-year-old lawyer, is to become chairman of Lockheed as well, thus heading two companies that had total 1973 sales of almost $5 billion; Lockheed Chairman Daniel J. Haughton, 62, would step down to vice chairman. Other terms, some still subject to revision: major banks are being asked to convert $275 million in loans...
...early 1972. Even the official rate of 11½% to 11¾% today understates the real cost of money. Because banks require business borrowers to keep part of their loans on deposit, the effective interest rate on the money that prime-rate borrowers actually get to use is closer to 14%. For many small businessmen without the credentials to get the prime rate, interest charges range up to 15%, 16% or even more-when loans are available...
Good accepted the committee's admonition and said that his experience would result in S.K.I.'s giving closer scrutiny to any researcher's claims. After S.K.I.'s traumatic experience, the same will probably be true at research institutions around the world...