Word: pacts
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Congress is increasingly critical of the Japanese trade posture as well. Last week the Senate Finance Committee passed a resolution calling on the President to retaliate against Japan for its alleged failure to live up to the July 1986 semiconductor trade pact. Under that agreement, Japan promised to refrain from selling its chips in the U.S. at prices that are below cost. Concludes Baldrige: "The level of anti-Japanese trade feeling is higher than ever before...
...American side, initial optimism is mixed with some wariness. The Soviets have dangled the prospect before of a separate medium-range reduction pact, only to then demand that the agreement be linked to SDI concessions. Cautions former Defense Secretary James Schlesinger: "The Soviets are serious, but whether they're serious about negotiation or propaganda remains to be seen...
Description: Warheads installed: U.S. and Soviet intermediate-range missiles in Europe. NATO and Warsaw Pact conventional forces in Europe. Missiles installed/to be deployed by country...
...month certain members were reported to be cheating on the cartel's production accord, and prices fell below $15 per bbl. Even as Saudi Arabia worked last week to keep the production agreement intact, causing prices to rise about $2, to $18 per bbl., many traders doubted that the pact would ultimately stick. Few OPEC watchers believe that the cartel will be able to push prices higher than $20 per bbl. in the next two years...
...current process of transformation does not lead to the dilution of socialism. Its special merit is that it prevents socialism from getting mummified or frozen. We support all that Mikhail Gorbachev does." Jaruzelski is the closest to Gorbachev in both age and outlook of any of the % Warsaw Pact leaders, and they reportedly have a warm relationship. Jaruzelski started an amnesty program for political prisoners last September, five months before the Soviets announced the release of dissidents in Moscow...