Word: proceeds
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...TIME: If the Bush Administration asks you to divest some of Unocal's U.S. assets before allowing this deal to proceed, would you agree? Fu: We will address any concerns that [Washington] has. If it's necessary to divest some assets, we would do that, but we are not at that stage yet. We will do everything to explain who we are and why we want to acquire Unocal. We're a transparent company, and this is a good deal for Unocal's shareholders and its employees. That's where I think the focus should...
...culture, rules do not arbitrate the interaction of people; it's people who arbitrate the application of the rules so that interpersonal relations proceed smoothly, unimpeded by the law. It's a culture that has stunted the development of strong institutions. The legal system that we have, the voluminous regulations and procedures: all these form a thin veneer of a state that seems to resemble those in the West. But beneath lies a complex web of fixers and power brokers, go-betweens and patrons, geared to make things happen?whether negotiating a business deal or tax settlement, bringing government projects...
...collectors and building inspectors?were encouraged to act as though we citizens of Pakistan required their permission for anything we wished to do. We could not ask an official: What power do you have to stop me? Instead, they asked us: What power do you have to proceed? Slowly, our economy, schools and cultural life collapsed. Many of those who could leave fled abroad. Many of those who could not leave became radicalized...
...Soviets were still moving ahead with the ABM system, and our MIRV program was acquiring a strong constituency in this country. What followed is a matter of record. The U.S. and the U.S.S.R. did agree on the ABM treaty in 1972, but it was decided, nonetheless, to proceed with deployment of MIRVs. The number of U.S. missile warheads increased from 1,800 in 1970 to 6,100 in 1975; during this period, the Soviets, who were behind us in the development of MIRV technology, expanded their warheads by only 900, from...
...more cheaply than by building more missiles. But we recognized this was a very dangerous step--if the Soviets followed our lead, as we must assume they would, it would lead to a dramatic increase in the offensive forces of each side. We therefore concluded that we would proceed with the development of MIRVs, but we would make no decision to deploy them until we had explored fully the possibilities of negotiating an agreement to prohibit defenses. If such a treaty was negotiated, the MIRV program would be scrapped...