Word: omnibuses
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...Deal. Even more important, President Ford and Democratic Senator Henry Jackson of Washington have agreed, with Moscow's quiet cooperation, on a deal that should clear the way for congressional passage of an omnibus U.S. trade bill (TIME...
Passage of the omnibus bill should spur U.S. trade with many nations outside the Communist bloc as well. Ever since key provisions of the 1962 Trade Expansion Act expired seven years ago, the White House has lacked the authority to negotiate tariff changes. The new bill grants the President unprecedented power to raise or lower tariffs and negotiate other trade concessions. Its enactment should vitalize the round of trade-reform bargaining among scores of nations that officially began in Tokyo in September 1973 but that has been marking time until the U.S. Administration got the authority to conclude new agreements...
...American firms often miss out on big Soviet sales for reasons that the omnibus U.S. trade bill would not touch. General Motors has just turned down an offer to build a truck plant in Siberia because the Soviets refused to grant G.M. any role in sales or service of the vehicles to be made there. IBM cannot get Washington clearance to sell the firm's system 370 computer to the Russians because the Pentagon fears that the computers might be used by the Soviets for military purposes...
...intent of Sen. James L. Buckley's amendment to the omnibus Education Act is clear: to give students a chance to inspect their files and to challenge any incorrect or damaging information they may contain. One would assume such incidents rarely happen and Harvard's arguments have seldom mentioned the central purpose of the law. What appears to be more pressing to members of the Faculty and the administration is that students will also have access to their recommendations; that this access will lead to a lack of candor by professors; and that this lack of candor, in turn, will...
...clash of historic proportions, and it seemed intractable. In the pursuit of detente, Secretary of State Henry Kissinger had long urged enactment of an omnibus trade bill that, among other things, would increase Soviet-American commerce by granting the Soviet Union most-favored-nation status. In the interest of persecuted minorities, Democratic Senator Henry Jackson insisted that Moscow pay a price: it would have to liberalize its emigration policy. Technically the requirement would apply to all Communist countries seeking preferred status as U.S. trade partners; in fact, Soviet Jews who want to leave the U.S.S.R. will be the principal beneficiaries...