Word: moratoriums
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...secretly in Paris late last week, treasury representatives from 16 Western countries decided to suspend all talks on rescheduling of the $3.5 billion due them in 1982. That was bad news for Warsaw. Only a few days earlier, Deputy Premier Janusz Obodowski had declared that Poland needed a yearlong moratorium on all debt payments and a new loan of $350 million. Nor were the latest statistics on the Polish economy encouraging: in 1981 the total value of goods and services produced fell by 14%, while export earnings dropped...
...industry has come to a standstill, and some 13% of the work force is unemployed. An estimated 2.2 million skilled and professional Argentines, or 8% of the population, have left the country, most of them in the last few years. Piecemeal attempts to control inflation-by declaring a moratorium on industrial debt, for example-have been delayed and poorly implemented. Commented the Buenos Aires news paper Clarín: "Few times has the political arena been so confused, contradictory, and in conflict with reality...
...proposals for T.N.F. reductions invite similar skepticism. So far, the Soviets have merely offered to reduce the number of SS-20s in exchange for NATO'S scrapping its new deployment plans altogether. That, obviously, would be a good deal for the Soviets. So would their call for a moratorium on new T.N.F, which would leave all of Moscow's existing weaponry in place. Addressing this point last week, Assistant Secretary of Defense Richard Perle explained, "We have categorically rejected a freeze because that would leave the Soviets with a monopoly of long-range theater nuclear missiles...
...climate worsened as moderates in both camps faced a growing challenge within their ranks. Although Solidarity had called for a moratorium on strikes, workers in various cities put down their tools last week to protest widespread food and fuel shortages. In Zyrardow, 27 miles west of Warsaw, 12,000 women occupied textile mills. A union official explained that the townspeople faced "real starvation"; they had to wait three or four days, he said, for their weekly ration of 1½ lbs. of meat...
...surrounding the cross-burning." The press often covered the situation inaccurately, Smith says, citing one example where a newspaper ran big headlines saying that Williams classes had been cancelled for three days as a result of the incident, when in fact there had only been a two-hour voluntary moratorium one morning...