Word: helpful
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Dates: during 1970-1979
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They came seeking help, rushing past surprised Soviet guards and bursting into the U.S. embassy in Moscow last June 27. The seven Soviet citizens are now holed up as unwelcome guests in a 20-ft. by 12-ft. basement room (plus kitchen and bath). They are permitted no mail through diplomatic channels, cannot meet with reporters in the embassy building, and live in relative isolation. But they are adequately fed, at U.S. expense. Sympathizers have sent them books, and even a game of Russian Scrabble...
Customers in two dozen countries will soon be spending less than they ordinarily would for a wide variety of imports, ranging from cheese to autos, and that will help slow inflation. U.S. export sales should pick up for industries as diverse as hospital equipment, chemicals and data processing, creating more jobs. American farmers should get easier access for their goods abroad, helping to narrow the huge U.S. trade deficit...
...global economy would stagnate. Until about two years ago, when Robert Strauss arrived on the scene as the special U.S. representative, the trade talks were going nowhere. Strauss's closeness to President Carter gave him entree to top foreign leaders, and he used it, with McDonald's help, to get the negotiations back on track...
...agreement comes at a time when the U.S. is poised for an export surge because the depreciated dollar makes American goods bargains in the world. After three years of almost no real growth, exports in 1978 jumped 18.5%, to $143.6 billion. More sales will be needed to help close the gap between imports and exports that last year totaled $28.5 billion. So now it is up to U.S. businessmen to take advantage of the lower barriers-and sell...
...which already stands at a minimum of $14.55 and is certain to climb still higher. The oil companies would get an extra $6.5 billion in earnings annually from decontrol, but about half of the money would be taxed away. The Government would use much of the tax revenues to help industry shoulder the daunting costs of projects aimed at extracting oil from shale rock and coal, and to bankroll substantially increased research into solar energy...