Word: footholds
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...year. "Almost all the real effects of NAFTA have already happened," says Paul Krugman, an M.I.T. economist. "Mexico has already had the big liberalization. We're talking not about an investment boom that's going to happen, but one that's under way now." Many American companies with a foothold in Mexico's market of 88 million people have ambitious expansion plans there regardless of NAFTA's fate. Dallas-based Southland Corp. operates 180 7-Eleven stores with joint-venture partners in Mexico and will open 20 more by the end of the year. Wal-Mart opened a block- long...
Seeing his mandate from heaven passing, Arafat may have decided to make the appropriate peace gestures toward Israel -- for now -- in order to gain a foothold in the occupied territories, new funding (this time from the West) and a new chance to continue his 40-year war against Israel...
...dilemma confronting the U.N. was acute. Although Srebrenica had been declared a safe haven by the Security Council, the propensity of the Serbs to pour artillery fire onto civilians spoke in favor of a speedy evacuation. But with an important Muslim foothold at stake, there was also the risk of abetting, albeit unwittingly, the Serb goal of ethnic cleansing. The Bosnian authorities themselves were not pressing for a mass exodus, save for 500 badly wounded soldiers in need of hospital treatment. Said U.N. High Commissioner for Refugees spokeswoman Sylvana Foa: "They are very frightened, because they know...
...Leclerc battle tanks for an estimated $3.5 billion, beating out the American Abrams M1A2 and British Challenger 2. The deal, which also buys the U.A.E. 46 noncombat tanks and armored escort vehicles, represents a major victory for financially beset, state-owned Giat Industries and gives France a greater foothold in the lucrative Middle Eastern armaments market. Since the Gulf War, the Gulf Cooperation Council alone has placed $40 billion in military-hardware orders...
...gets overloaded, the balance can tip back to microbes at any time." The cholera epidemic that hit Latin American cities last year, hospitalizing more than 400,000 people and killing at least 4,000 in a few months, shows how quickly a disease can move when it finds a foothold in crowded slums...