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...Suspending new Export-Import Bank credits and loan guarantees...
...immodest proposal of the antinuclear movement's rallying point, Jonathan Schell's The Fate of the Earth. The book first appeared as three articles in The New Yorker and met wide acclaim among opinion leaders. Walter Cronkite said it "may be one of the most important works of recent years." Washington Post Columnist Mary McGrory said that the book was "working its way into the national psyche." Even journalists who disagreed with Schell's call for disarmament, like Columnist James Reston of the New York Times, treated the book with respect because of its import...
...avoid tampering with Reagan's tax cut, Administration officials agreed to consider alternative ways to raise new revenues. Among them: a $5 per-bbl, oil import fee, a 5? per-gal. gasoline tax, a hike in excise taxes on cigarettes and liquor, a 4% tax surcharge on individuals with incomes above $40,000, and curbs on the new, much criticized provision that allows businesses with more tax deductions than they need to sell them to companies facing big tax bills. These steps could raise $30 billion in new revenues. The Administration bargainers also indicated that the President...
...corn, for example, are down about onefourth. The Soviet Union, stung by the 1980 U.S. grain embargo (which one economic consulting firm estimates cost American agribusiness $22 billion), has spread out its purchases among more suppliers. Of the 43 million metric tons of grain it is expected to import from the West this year, the Soviet Union has so far bought only 13.8 million tons from the U.S. Contends Agriculture Secretary John Block: "We are still paying a big price for the 1980 embargo...
...effort to stem the outflow of funds, the Nigerian central bank two weeks ago ordered all 26 commercial banks in the country temporarily to stop processing or issuing import letters of credit and to cease approving applications for the conversion of Nigerian currency into foreign funds to pay for imports. Nigerian businessmen believe that their country will be forced to adopt still stricter import measures later this spring...