Word: costs
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Dates: during 1970-1979
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Sadat's gamble raises big new questions for the Middle East. The central issue no longer concerns the possibility of peace. The questions now are: What kind of peace? And at what cost to whom? Arab unity has been shattered. Despite the ferocious anti-Sadat rhetoric of the rejectionists, it is they who are isolated, not Egypt, so long as moderate Arabs back the quest for peace. For the moment, the influence of Yasser Arafat and his Palestine Liberation Organization is on the wane. In trying to cope with the conflicting demands of his constituency, Arafat declined to seize...
Brave words. In fact, Egypt's poverty makes it a ward of the rich Arabs. The Six-Day War of 1967 devastated the econ omy; among other blows, the closing of the Suez Canal cost Egypt an estimated $2 billion in vital revenue. Capital investment was diverted to acquire military hardware; arms spending currently absorbs 28% of the Egyptian national budget. After becoming President in 1970, Anwar Sadat began to dismantle Gamal Abdel Nasser's cumbersome socialist state and once again invited foreign investment. But the response has not even been as loud as a whisper. Last year, in order...
...cities, a new busing program drew angry words this fall but no violent resistance. Once citizens took to the streets to denounce court rulings. Now a Miami Dolphins fan took to the sky to protest the injudiciousness of a National Football League referee whose early whistle on a fumble cost the local heroes a playoff spot. NFL ... BAD CALL, the skywriter spelled out. It's a far cry from IMPEACH EARL WARREN...
Everybody foots the bill. Bigger educational expenses push up tuitions; higher business costs are passed along to the consumer. Barry Bosworth, director of the President's Council on Wage and Price Stability, feels that excessive regulation is a primary reason why the average annual increase in U.S. productivity slowed from 3% between 1948 and 1966 to 2% since then. Gerald Ford's White House figured that the price of regulation?the cost of bureaucracy along with declining productivity?takes $2,000 out of the pocket of the typical American family each year, a larger sum than is collected in federal...
...Three times the office has lost it. Says University Vice President Robert Glaze: "You're talking about a document roughly the size of the Manhattan telephone book." When the plan was finally found, the civil rights office declared regulations had changed, and the plan must be resubmitted?at considerable cost to the university...