Word: gramming
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...expense of deterrence, rearmament at the expense of arms control. Most policymakers in the Administration acknowledge that war fighting makes sense (and rather shaky sense at that) only as an extension of deterrence #151; deterrence by other means, as Clausewitz might have put it. In its rearmament pro gram, however, the Administration has concentrated too much on the development of more big-ticket nuclear weapons and not enough on building up conventional forces. If America's conventional defenses were stronger, they would constitute a more credible deterrent to Soviet aggression, thereby reducing U.S. reli ance on a nuclear last resort...
Japanese merchants have had a toehold on the U.S. gram trade since the 1950s, when they first set up export offices in West Coast port cities like San Francisco and Seattle to buy foodstuffs for Japan. The island nation of 116 million people is a principal grain importer and now buys some $6 billion a year from the U.S., its biggest supplier. In 1973, after a grain shortage squeezed the worldwide market for soybeans, a major Japanese grain import from the U.S., the anxious Japanese traders began moving inland to buy directly from farmers in an effort to secure...
...gram with exorbitant interest rates." Bok noted that switching from GSLs to ALAS would increase a student's interest by 242 percent...
Washington, meanwhile, is taking a wait-and-see attitude. The Reagan Administration last month kept the Poles out of default by paying $71 million in gram-export loans that Warsaw owed to U.S. banks. That sum, however, is dwarfed by the $1.7 billion that American banks have loaned Poland, and the $ 1.9 billion of total direct Government lending. Administration officials believe that the best Western position is to continue holding out the threat of default without actually using it. Said the President at his press conference last week: "Default will make Poland more dependent on the Soviet Union...
...gram, but its graduates are more uniformly sure of high post-graduate salaries than the College's he said...