Word: importance
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Dates: during 1980-1989
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...Cohn's arrest last week, for conspiracy to import heroin and cocaine and for distributing both drugs, did not quite shock his friends. Cohn, 37, who wrote the magazine article on which the film Saturday Night Fever was based, led a night-crawling, drug-charged life in Manhattan. Said his lawyer, Andrew Maloney: "Mr. Cohn is no more than what too many other people are these days, an abuser of controlled substances. But he's not a trafficker." The Drug Enforcement Administration, after a five-month investigation that included hundreds of wiretapped telephone conversations, claims otherwise. Accused along...
...general perception of governmental disarray. Disaffection is strongest among left-wing Socialists and some Communists. They argue that instead of meekly accepting painful austerity, the government should 1) withdraw from the European Monetary System, which links seven major European currencies; 2) correct the trade imbalance through protectionist import restrictions; and 3) concentrate on creating jobs. Jean Poperen, the party's deputy leader, last month charged that the government was losing its "popular support" and called for a return to the "class struggle" as the Socialists' central theme. Edmond Maire, leader of the Socialist-dominated Conf...
...Nobel Laureate Milton Friedman. Guided by advisers known as the "Chicago boys," Pinochet revamped economic policy, which under Allende had led to 600% inflation and riots over food shortages. He sold 400 ailing state-owned companies, ended price controls and most state subsidies, and encouraged foreign trade by slashing import tariffs from almost 100% to an average of 10%. The resulting economic boom encouraged most Chileans to overlook Pinochet's repressive campaigns against leftists, in which as many as 10,000 were killed and up to 150,000 were jailed. In 1980 Chilean voters approved...
...international competition. A Commerce Department study showed, for example, that government help to European steelmakers amounted to as much as 41% of the value of their products. In response, other nations charge that the U.S. has its own array of subsidies, including low-cost financing through the Export-Import Bank to customers who buy American goods...
...memoir, his disillusioned onetime adviser Muhammed Hassanein Heikal contends that Sadat had a humble-beginnings complex that caused him to live inordinately lavishly. The author says that Sadat popped a couple of vodkas daily despite his Islamic faith's liquor prohibition. The Egyptian government last month banned import of the book. Anwar's widow Jehan Sadat, 49, has not commented publicly on Heikal's charges, but she will provide a portrait of her husband in her own just finished memoir...