Word: economics
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...Washington tempers flared in May after Papandreou, a former Econom- ics Professor at the University of California at Berkeley, called the U.S. "the expansionist metropolis of imperialism." He also asserted that the Soviet Union is incapable of imperialism because of the nature of its economic system. The remarks came on top of Greece's continuing opposition to the deployment of new NATO missiles in Western Europe, as well as Papandreou's refusal to condemn Soviet behavior in Afghanistan and Poland...
...parties of the far left and far right. During the noisy Knesset debate, Begin's handling of the economy came under attack again and again. "The government is like an unmanned space ship with no objective and no map," groused Gad Yaacobi, the Labor Party's chief economic spokesman. Weizman said he voted against his own party to pre serve the Camp David accords, since many Israelis were blaming their econom ic woes on the return of the Sinai oil fields to Egyptian sovereignty. Said...
However, John Kenneth Galbraith, Warburg Professor of Econom Emeritus, said yesterday the nomination of a conservative does not guarantee reduced inflation. "Bear in mind that the worst inflation has occurred under the staunch conservatives Nixon and Ford," he said...
There are issues "where there is no longer room for argument among people who accept our basic social-econom-ic-political system-for example, hostility to anything smacking of racism," the report said...
Crises elsewhere may flourish and then fade, but West Berlin persists as the West's perennial and most exposed pressure point. Isolated 110 miles inside hostile East Germany, militarily indefensible and dependent for econom ic survival on easily sundered access routes, it is the place where the cold war began 21 years ago-and where the Communists refuse to let it die. Last week Berlin was once again the center of an incipient crisis. By a sudden decree, the East German regime of Stalinist Walter Ulbricht barred a large number of West German legislators and all military personnel from...