Word: five-year
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After it was created in 1979, CITIC promptly set out to find new ways of doing business in China. Instead of investing only in projects that were part of Peking's Five-Year Plan, the innovative agency roamed the country in search of profitable opportunities wherever they might be found. Noting a growing demand for beer, CITIC created a $30 million joint venture with Japan's Suntory to expand production. The initial results were so encouraging that output will be doubled during the next two years...
Many Hungarian technocrats feel that such problems can be cured, but only with greater economic freedom. Accordingly, additional reforms are being debated as part of Hungary's new Five-Year Plan, which begins in 1986. But no one is sure if additional changes will reverse the pattern. But under Moscow's watchful eye, Hungarian reformers are unlikely to move any faster. Says Marton Tardos, one of the country's most respected economic analysts: "If the government is bold, we can set the economy on the right track. But I am not sure it can or wants to be bold." Yugoslavia...
...suspension of martial law marked the latest step in a drawn-out effort to restore democracy in Pakistan. In December 1984, Zia used the favorable results of a vaguely worded referendum as grounds to declare himself President for a five-year term. Last February he called elections for the suspended Parliament. All candidates were required to run as independents, but according to most observers, the balloting was fair...
...Rose Rag." Also doing their schtik are Milton Berle, Bill Cosby, Frank Sinatra, Bob Hope, Walter Matthau and Billy Crystal. Burns will sing a song or two, puff his omnipresent cigar, and maybe even dance. But do not expect him to wax nostalgic. He has just signed a five-year contract with Caesars Palace and has booked the London Palladium for Jan. 20. 1996, his 100th birthday. "I've lived a very exciting life," cracks Burns. "I expect the second half to be just as exciting...
...defense, Dole points out that he was able to stitch together a number of compromises last year. The most significant was a new five-year farm bill, for which Dole led the tortuous negotiations. It was a triumph for him when Reagan signed the measure last month. Last spring, however, Dole was denied a larger victory. Courageously, he rammed through the Senate a politically risky anti-deficit package, including a deferral of Social Security increases. But Reagan reneged on the deal, leaving Dole and other Senate Republicans dangling...