Word: clout
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...that in 1968 French Economics Journalist Jean-Jacques Servan-Schreiber predicted that American multinational companies like IBM and ITT threatened to turn Western Europe into an economic province. Concern about foreign cash flowing into the U.S. arose briefly in the 1970s, when a weak U.S. dollar and the emerging clout of OPEC prompted fear of an Arab buying spree. By and large, however, the cautious oil sheiks steered their petrodollars into bank accounts and securities portfolios rather than toward the bricks and mortar of U.S. real estate and corporations...
...want Jackson to run again, most black political leaders remain opposed. With Ronald Reagan out of the way, black politicians visualize a Democrat in the White House. They insist that Jackson's candidacy will deter other candidates from pursuing the black vote. Jackson counters that blacks will have more clout with the eventual winner if they unite behind one man. But black leaders dislike the idea of a single broker, especially the unaccountable Jackson. His dominating presence over the years and his presidential bids have helped squelch the emergence of other black figures. Still, black politicians are reluctant to oppose...
Gorbachev had demonstrated his clout four weeks before the plenum by taking swift action against the military in the wake of West German Pilot Mathias Rust's spectacular landing just outside Red Square. When the Hamburg teenager's single-engine Cessna penetrated some 400 miles of Soviet airspace with impunity, Gorbachev immediately sacked Defense Minister Sergei Sokolov and Air Defense Chief Alexander Koldunov. In addition to giving the country an object lesson in the personal accountability of those in power -- and demonstrating the military's subservience to the political leadership -- Gorbachev seized the occasion to place a reform-minded ally...
...addition, the growing commercial clout of the developing industrial world has made such countries less susceptible to superpower domination. So too has rising nationalist sentiment. "Quietly, erratically, the capacity of the developing regions to resist intrusion and to shape their own destiny has been increasing," notes University of Texas Professor Walt Rostow, who was Lyndon Johnson's National Security Adviser...
...nearly 35%, or $6 billion. Overall, a typical telephone bill has increased about 25%. The increases in local rates appear likely to slow down, but unfortunately so do the long-distance discounts. AT&T so dominates the market, with an 82% share, that its competitors may lack the financial clout to survive future rate cuts...