Word: globally
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Dates: during 1970-1979
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...Global Plan...
...year its sales will approach $500 million. An outspoken executive, he often rebukes business for high-polluting plants, unsafe products, underfunded pensions, and overseas bribes. Despite such visible failings, he argues, there is far more talent in business than in politics, and therefore business should do much to solve global problems, including malnutrition. This is both the right and the smart thing to do, he reasons, and business should be willing to accept less than its usual profit, since Third World pressures will disrupt Western economies if hunger continues...
There was also tough talk in Washington as the Carter Administration stepped up its criticism of Moscow for meddling in Africa. National Security Adviser Zbigniew Brzezinski harshly denounced the Soviets for violating the "code of detente" and for making a "shortsighted attempt to exploit global difficulties." Brzezinski and other U.S. officials maintained, in the face of Soviet and Cuban denials, that the rebels who invaded Zaïre's mineral-rich Shaba province last month had been trained by Cuban troops and equipped by Moscow. Insisted a White House aide: "We've got the goods on them...
While all this was going on, a temporary global glut of crude kept a lid on prices, stretching Gulfs once bountiful cash reserves and cutting into earnings. Last year profits fell 7.8%, to $752 million; in this year's first quarter, they fell another 7%. The need for a drastic reduction in outlays became urgent...
...decline of the dollar, the U.S. rather suddenly has become the world's major travel bargain. In consequence, the nation is finally getting a nice slice of international tourism, which is one of the biggest and fastest growing (up 18% last year, to $60 billion) items of global trade...