Word: cutoffs
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...These loans, which will be repaid from profits in future years, may be considered "new investments" in South Africa under the U.S. sanctions law and therefore illegal after Nov. 16, when the law goes into effect. Some other American firms will probably scramble to announce selling plans before that cutoff date...
...state legislature hoped that coupling the higher speed limit with a mandatory seat-belt requirement would induce the feds to exempt Nevada from the 55-m.p.h. restriction. No such luck. When the Federal Highway Administration promptly announced a cutoff of road-building funds--including $66 million for next year--the state just as quickly backed off. But not without vowing to fight: the state has filed a suit against the Federal Government, calling the threat to stop funding an infringement on states' rights. It is, said Nevada Chief Deputy Attorney General William Isaeff, "like putting a gun to our head...
That perennial invalid, Broadway, is faring better this season but hardly thriving. The theater year started more than nine months ago, with the cutoff for last spring's Tony Awards. It has produced only two new American plays that are still running. Add two London imports and three revivals--one of which, Blood Knot, closes this week--and there you have it: the total of non- musical survivors on the Great Gray Way. Why, then, does New York City seem abuzz with theatrical vitality? In large part because Off Broadway is providing a satisfying mix of star turns, ensemble work...
...Administration might consider withdrawing from Subic and Clark if it could be determined that the Marcos government was illegitimate. "Let's put our stake in democracy and freedom above the bases," he said. Defense Secretary Caspar Weinberger went before the House Foreign Affairs Committee to argue against a cutoff in Philippine military assistance. Said he: "The only real beneficiary of a delayed or diminished military-aid program would be the New People's Army...
...Senate approved a nonbinding resolution declaring that the Philippine elections were "marked by such widespread fraud that they cannot be considered a fair reflection of the will of the people." The next day, the House Asian and Pacific Affairs Subcommittee voted 9 to 0 in favor of a temporary cutoff of military and economic aid to the Philippines. Under the legislation, most military aid would go into a trust fund and would be released only after the President certified, and Congress agreed, that a "legitimate government has been established." Economic and humanitarian funds would be channeled through private voluntary organizations...