Word: know-how
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...spite of these disclaimers, the Soviet decision to scuttle its trade accord with the U.S. constituted a major reversal of Kremlin policy. Determined to modernize their economy, the Russians -who will launch a vast, multibillion-dollar 15-year plan in 1976-want massive foreign investment, industrial know-how and sophisticated technology from the U.S. Although such aid has long been available from Japan and Western Europe, the Soviets calculated that only the U.S. could provide the technology for such grandiose enterprises as the $5 billion truck-manufacturing complex on the Kama River. In light of this hunger for credits, Moscow...
...with the policies of the Nixon Administration to stay on in that job. He will be replaced, in fact, by another Nixon appointee, James Lynn, 47, Secretary of Housing and Urban Development. Despite his Nixonian background, Lynn has impressed friend and foe alike with his administrative ability and political know-how. OMB will return to its less grandiose role of monitoring the budget flaws...
...peaceful means do exist to put pressure on OPEC. Because the U.S. has technical know-how, financial might and far more abundant domestic energy reserves than most other nations, it can, with determination, reduce its dependence on the cartel's oil. America now burns 16 million bbl. of oil daily. Of that, 6.3 million bbl. a day-or 35% of the nation's oil consumption and 18% of its total energy-flows from abroad. If the U.S. could pare its oil demands by 1 million bbl. a day -a mere 3% of all the energy that it uses...
...resulted in outlays of some $9 billion. Iran and Krupp plan to set up a joint investment bank in Switzerland to finance projects outside West Germany. The steel-company acquisition is viewed by both Iranians and Krupp executives as an ideal marriage: Iran needs Krupp's technical know-how, and Krupp needs the infusion of capital from Iran. Last year, the company produced 3.1 million tons of iron and 4.3 million tons of steel, and generated $1 billion of Krupp's worldwide sales of $3 billion...
...wouldn't mind having to pay higher taxes and higher prices if our fatuous leaders wouldn't squander the money on nations with infantile policies of aggression. Giving nuclear reactors and know-how to Arab nations is like giving a razor blade to a baby. Nixon was prepared to sacrifice most of his staff to get the Watergate heat off his back. Is he preparing to sacrifice the prosperity of the U.S. and the security of the world...