Word: costs
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Dates: during 1970-1979
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...said Egypt's President Anwar Sadat last week, in a brave dismissal of critics within the Arab world who have denounced him as a traitor for signing a peace treaty with Israel. In fact, those "dogs" yapping at Sadat have plenty of bite. The truth is that the cost of peace for both Israel and Egypt is beginning to hurt in earnest...
...have broken off diplomatic relations with Cairo.* Egypt has been dealt a series of punishing economic blows and now faces the threat of more to come. First, Saudi Arabia appeared to renege on its year-old promise to buy 50 U.S. F-5 fighter planes for Egypt at a cost of $525 million. Then Saudi Arabia and Kuwait both threatened to withdraw their $1.6 billion in petrodollars from the Central Bank of Egypt...
...issue was the precarious state of Israel's economy and the potential financial costs that the peace entails. As it withdraws from the Sinai Peninsula. in accordance with the peace treaty, Israel plans to relocate three airbases and other installations in the adjoining Negev desert at a cost of $4 billion over the next three years. The U.S. has promised to provide $3 billion-$2.2 billion in loans and $800 million in grants. Coming up with the remaining $1 billion will impose a fearsome new burden on Israel's economy, already reeling under a total foreign debt...
Last week the government conceded that the cost of living for April had jumped a shocking 8.7%, more than 100% if projected over the entire year. The admission provoked howls of alarm that the country could be heading toward uncontrollable triple-digit inflation. Finance Minister Simha Ehrlich proposed a stringent plan to reduce inflation by 1981 to 40%, at best, by slashing $1.5 billion in government spending, including $650 million from the defense budget. At that, Defense Minister Ezer Weizman, who has been seeking a 40% increase to defend the narrower peacetime borders, angrily bolted from the Cabinet meeting. Opposition...
Granted, the Republic of Korea has gone a remarkable way toward providing the bulk of its people with a decent standard of living. But the argument that the shattered lives of Lee Yong-hui, Paik Nakchung and others is the cost that must be paid for this prosperity is a cynical and unworthy one. Yet that is the argument heard these days from official South Korean sources. Surely it is one that thoughtful members of this academic community, and most particularly our colleagues who have labored long to understand and present the Korean case, will want actively to reject. South...