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...foreign policy toward Allende's Chile included with-drawal of all foreign aid except to the military, wholesale cuts in World Bank, Export-Import Bank, and private sector bank loans and credits to Chile, payment of millions of CIA dollars to finance anti-Allende demonstrations and mouth-pieces such as El Mercurio, and direct CIA encouragement for the coup. U.S. multinational corporations such as ITI also funded anti-Allende subversion, although ITT executives have avoided jail because the U.S. government says too many "national security secrets" would come out in a trial...
...foreign policy toward Allende's Chile included withdrawal of all foreign aid except to the military, wholesale cuts in World Bank, Export-Import Bank, and private sector bank loans and credits to Chile, payment of millions of CIA dollars to finance anti-Allende demonstrations and mouthpieces such as El Mercurio, and direct CIA encouragement for the coup. U.S. multinational corporations such as ITT also funded anti-Allende subversion, although ITT executives have avoided jail because the U.S. government says too many "national security secrets" would come out in a trial...
...trade front, the most disquieting aspect of the July deficit is that it occurred despite a drop of 4.5% in oil imports. Most of the increase in the deficit came from imports of automobiles, machinery and other goods. Though the import flood is expected to ease off eventually, this year's trade deficit will probably hit a record $30 billion or more. The bad trade news sent gold prices up and all but kayoed a brief comeback of the dollar on foreign exchange markets...
...smokestack emissions. But to burn Ohio's high-sulfur coal, say the companies, would necessitate installing expensive scrubbing devices. They rebelled at the cost; one utility reckoned that compliance with the EPA order could cause a 24% rise in electric rates. Instead, the companies said, they would import low-sulfur coal from Western or Appalachian states. That in turn riled the miners, who argue that if the utilities buy out-of-state coal, demand for Ohio coal will fall by as much as 30% and 12,500 people will be out of work...
...deal: inflation may turn out to be no worse than expected this year. That about sums up the import of the news last week of a slowdown in wholesale-price increases in July. The month's annual rate of 6.2% was about a third less than the rises in May and June, and the smallest jump in four months...