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...most of its bumpy, 10-year history, General Motors' Saturn project was derided by auto-industry critics as a $5 billion ugly duckling -- an experimental, money-losing attempt to match the value and quality of import models. To ensure customer satisfaction, Saturn built cars at its all-new plant in Spring Hill, Tenn., with the crawly pace of a craft shop. It also gained something of a quirky reputation for recalling them at the tiniest hitch...
...General Agreement on Tariffs and Trade is actually not one agreement but many. It's an accretion of rules and deals aimed at chipping away the barriers that impede the worldwide import-export business. GATT has been unfolding since 1947 in stages, or "rounds." The latest, which began in Uruguay in 1986, has been stalled for a year and a half. There are many sticking points, but the biggest is European agriculture, which is still heavily subsidized and highly protectionist...
...also began to push for loan guarantees from the Federal Export-Import Bank, which helps American companies sell products abroad by offering loan guarantees. Documents made public by Gonzalez show that in December 1983, Under Secretary of State Eagleburger wrote a secret letter urging bank chairman William Draper III to open a line of credit for Iraq, though most of the world's financial institutions had stopped lending to Baghdad and the Export-Import Bank's own analysts had concluded that Iraq could not be counted on to repay...
...quote belongs to Socrates, who lived in a 5th century energy crisis. After cutting down their own forests for fuel, the ancient Greeks were forced to import shipfulls of timber from Thrace and Macedonia...
...after the EIBL cancelled this weekend's games against Pennsylvania and Navy (both schools saw no reason to make an eight-hour plus road trip when the title had already been claimed outright, Wednesday's contest took on at least symbolic import: it was the last game for Harvard's seven seniors...