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...that afflicted their cities. After investigating two earlier killings-the murder of former Iraqi Premier Abdel Razak Nayef last month and the shooting of P.L.O. Representative Said Hammami in January-British authorities decided that Iraqi agents were deeply involved, and that Baghdad was using its embassy and airline to import weapons and killers. The Foreign Office as a result ordered home seven Iraqi diplomats and four other nationals. In retaliation, eight British diplomats and two other nationals were banished from Baghdad...
Since Borman outraged U.S. planemakers by buying a European plane, Boeing has led a campaign in Washington against what Treasurer Jack Pierce calls "predatory financing." Indeed, Borman got a good deal, which includes a $250 million loan guaranteed by European government agencies. Somewhat reluctantly, the U.S. Export-Import Bank has agreed to try to meet the European terms by making more of low-interest loans available to foreign buyers of U.S. aircraft...
...these woes is inflation, while the collapsing dollar is pushing up prices even more. Not only do companies have to pay higher prices for foreign-made heavy machinery, engineering equipment and other high technology goods that have now replaced oil as the largest single category in the nation's import bill, but individual consumers are also being hurt. In the past year, the price of Volkswagen Rabbits has climbed 12.6%, and Japanese Toyotas are up 13% this year. Rising prices for imports likewise give domestic manufacturers an excuse to raise their own prices. This in turn sends more money pouring...
...other foreign policy matters, Tsongas is leading the current fight against lifting the embargo on Rhodesian chrome, and has also opposed the ending of the arms embargo against Turkey. Earlier this year, he authored legislation to prohibit the U.S. Export-Import Bank from providing loans to South Africa...
...three best wine makers. His 1970 Cabernet Sauvignon knocked off the fabled Château Latour, Château Lafite Rothschild and other French pedigrees in some blind tastings. When French experts sent him a praising letter, he wrote back: "Why don't you lower your import barriers?" The visitor gets the idea that Heitz would have done well even if he were making caps or car wax instead of wine...