Word: coaling
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Dates: during 1980-1989
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...Lugar began work on the plan he will present to the Senate committee this week, he was considering adding sanctions on new investments by U.S. companies in South Africa and a ban on imports from South Africa's state-owned steel and coal industries. If he seems calm about the policy storm looming, it may be because he is confident that his plan will receive serious attention. Says Lugar in a deceptively mild tone: "I'm not the kind of person who is easily rebuffed...
TOTAL TRADE EMBARGO. This House-approved measure could clip the profits of white-owned businesses and apply marginal pressure on the government, while probably throwing blacks out of work on a significant scale -- particularly if mining of gold, coal and diamonds was seriously impeded. American exports to South Africa declined to $1.3 billion last year, while U.S. imports have remained fairly steady at slightly above $2 billion. A trade embargo would thus have little financial effect on the U.S. As for South Africa, it could probably evade export restrictions by shipping its goods through other countries. This would increase...
...manager of the holding company Groupe Tapie, which had profits of $45 million on sales of roughly $1 billion in 1985, Tapie was the son of a pipe fitter in the Paris suburb of La Courneuve. As a teenager he helped support his family by hauling burlap sacks of coal. Tapie first went into management consulting, but soon began starting new companies. His first few ventures failed disastrously, but in the late '70s he suddenly discovered his forte: rejuvenating bankrupt businesses. Thanks to his talent for turnarounds, Groupe Tapie, which turns out bicycle parts, designer clothing and dozens of other...
...year before the Three Mile Island accident. In the aftermath of Chernobyl, moreover, the prospects for nuclear energy have become even bleaker. And yet, say many experts, there is no long-range alternative. The oil crisis has receded but is likely to become a problem again within decades. Coal is still plentiful, but its consequences -- air pollution, acid rain and the threat of global warming caused by the greenhouse effect -- will limit its use. "I'm very concerned about our energy future," says Lyle Wilcox, the Department of Energy's Deputy Assistant Secretary for Nuclear Reactor Research. Without nuclear energy...
Most of the argument against sanctions is based on South Africa's relative strength. The country produces much of what it needs, including armaments, nuclear power and more than 50% of its oil through a coal-liquefaction process. Three of its leading exports--gold, platinum and diamonds--are rare and easy to sell. Others, such as chromium and manganese, are in high demand for strategic reasons. Yet it would be wrong to conclude that South Africans are unconcerned by the debate: a recently published opinion survey of the country's whites showed that 71% believe the South African economy...