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...mean doing to the Sandinistas what the Sandinistas are doing to the government of El Salvador, namely backing a group of insurgents aimed at its overthrow. Some U.S. officials are convinced of the need to harass the Nicaraguans in order to impress upon them the notion that they cannot export revolution with impunity. Symmetry could come to imply that the Sandinistas may have to negotiate a political accommodation with the contras along the lines of the negotiated power sharing that some leftists in El Salvador are seeking. Some U.S. officials would like to see the eventual collapse of the Managuan...

Author: /time Magazine | Title: Pros, Cons and Contras | 6/6/1983 | See Source »

...nondefense spending, Greenspan suggested, might come from curbing Medicare benefits to people Other high incomes. Medicare is expected to cost $79 billion in 1986. Other prime employees include pension and disability payments for federal employees ($27 billion in 1986), income support for farmers ($13.4 billion) and loans from the Export-Import Bank to foreign customers of U.S. businesses ($3.8 billion...

Author: /time Magazine | Title: Ways to Narrow the Budget Gap | 6/6/1983 | See Source »

...resist the outcry for protection. Admits William Brock, the U.S. trade representative: "None of us is without sin." In the case of autos, the U S has politely but firmly persuaded the Japanese for three straight years to put a 1 68 million limit on the cars they export to the U.S., about 20% of the American market. Detroit is still not satisfied. Iacocca wants the Japanese to be held to 15%. The United Auto Workers are pushing in Congress a "domestic content" bill that would shut the largest Japanese auto manufacturers out of the U.S. market by decreeing that...

Author: /time Magazine | Title: The New Economy | 5/30/1983 | See Source »

...only objective, there would be little reason to keep the operation covert. Money for border patrols and similar activities could be openly provided, as it now is to Honduras and other friendly nations. But restricting the arms flow will not dissuade the Nicaragua regime from trying to export its revolution. The only way to do that, the Reagan Administration evidently feels, is to aid the contras fighting inside Nicaragua. Such support cannot be supplied overtly; it violates international law, including the charter of the Organization of American States...

Author: /time Magazine | Title: Uneasy over a Secret War | 5/16/1983 | See Source »

...last week's agreement establishes a solid base in the Asia-Pacific market, since the U.S. company will have all export rights for Chinese-built Jeeps. Said Tippett: "This is a major, long-term opportunity for us." Sales in the region of four-wheel-drive vehicles, currently 100,000 a year, have been growing by about 30% annually...

Author: /time Magazine | Title: Reaching for the Biggest Market | 5/16/1983 | See Source »

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