Word: foreignization
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Dates: during 1970-1979
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...impoundment of 60 United States foreign service officers by followers of Ayatollah Khomeini is a clear violation of the territorial sanctity of foreign missions, a fundamental international understanding. There is no question that all diplomatic efforts should be made to protect American lives with peaceful means. But if all diplomatic efforts fail and if American lives are in immediate danger, the Carter Administration should not rule out the use of a tactical force specifically ordered to save these lives. Although a state is obliged to respect the territorial rights of another, it has a greater duty to defend the lives...
...long run, the United States must exert its influence to effect the return of democratic rights and institutions to South Korea. In addition to the power the U.S. holds as the principle foreign military presence in Korea, it gained leverage by moving swiftly in the current crisis to preserve stability on the Korean peninsula, placing U.S. forces in a state of readiness to forestall any North Korean adventures. The U.S. must use its diplomatic and economic leverage to act as an honest broker with the current rulers of South Korea, pressing for the release of political prisoners...
Attempts to impose further controls now seem inevitable. The Federal Reserve and West Germany's Bundesbank, which are leading the drive to put Eurocurrencies in leg irons, have already asked major countries to impose reserve requirements on foreign deposits with their banks, even if they are branches located outside the country. In addition, governments of ten leading industrial nations are trying to force all banks to show exactly how much money they have lent out abroad...
...attempts to regulate will fail. If Eurocurrency lending is regulated in London or Luxembourg, they say, it will only sail away to Singapore or Bahrain, where no controls are likely to be imposed. If the Federal Reserve restricts U.S. bank branches, borrowers will simply shift their Eurodollar business to foreign branches. Bankers also insist that these markets will be needed to lend the developing countries the $50 billion they will need over the next year to pay their oil and industrialization bills...
...week, covered their beats as best they could and worked on long-term stories. Some two dozen Timesmen busied themselves writing books, others freelanced for magazines, but none completely escaped the ennui that afflicts a newspaperman suddenly without a newspaper. "I feel like a frog in the winter," Times Foreign Editor Charles Douglas-Home said at one point. "All horizons have contracted. Things continue to function, but at a tiny percent of efficiency...