Word: exportation
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Dates: during 1980-1989
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...largest bank, the state-owned Banca Nazionale del Lavoro. Chairman Nerio Nesi, 64, and Director General Giacomo Pedde, 62, resigned after the bank's board heard the results of an initial probe into a scam in which the bank's Atlanta branch gave $2.6 billion worth of unauthorized export credits to Iraq to buy machinery and agricultural goods...
...East-West relations. In that spirit, the Commerce Department announced a decision that cleared the way for the sale of a broad range of desktop computers to the Soviet Union and its allies. Under the plan, such companies as IBM and Apple Computer will be able to export machines ten times as powerful as older units that may now be shipped without special approval. But the sale of top-of-the-line models, notably the Macintosh II and IBM models equipped with the high-speed Intel 80386 microprocessor, will still be subject to strict controls...
...plan exposed a rift within the Administration over trade policy. Commerce Department officials argued that easing export controls would allow U.S. companies to compete with computer makers in such countries as Taiwan and Singapore, which already sell relatively advanced machines to Soviet-bloc buyers. But Defense Secretary Richard Cheney, who advocates strict controls on the transfer of American technology to Moscow, warned that the Soviets would use the U.S. computers for military purposes. Nonetheless, a Cheney aide said the Defense Secretary would not ask Bush to reverse the Commerce Department decision...
...domestic reform; and they provoke worldwide antagonism at a time when Moscow is looking for capitalist goods and credits. So Gorbachev has withdrawn Soviet troops from Afghanistan, encouraged the Vietnamese to end their occupation of Cambodia and warned Fidel Castro that the Kremlin will not indefinitely underwrite the export of revolution in Latin America...
...connections enabled him to study in Moscow and rise rapidly through the ranks. Zhao's son is chairman of the Hainan Huahai Co., a trading and investment company. Moreover, Yang, Zhao and Deng are all believed to have sons-in-law who work for army-run companies that export Chinese arms...