Word: pullout
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...also said he saw no reason for a change in Harvard's investment policy in light of the pullout, saying that "Exxon has been a responsible employer and citizen in the battle against apartheid...
Black South African leaders noticed when Harvard partially divested in October of some of its investments in companies that do business in that country. Commenting on the growing company pullout of South Africa, Themba Vilakazi, a U.S.-based representative of the African National Congress, mentioned the Harvard divestment...
...fret that black workers may suffer because the new owners will be less scrupulous than U.S. firms about following the equal- employment practices spelled out in the Sullivan Principles, which most American firms support. Black leaders also fear that corporate contributions to housing and education programs may fade. The pullout also threatens the future of Pace College, a technical school in the black Soweto township that is funded by the U.S. Chamber of Commerce of South Africa. Boycotts by student militants forced the school to close last week, but Chamber President Kenneth Mason hopes to see it reopen in January...
...goal," he said, "is a European peace order that goes beyond the (East-West) blocs and finally overcomes them." Calling for a "nuclear-free corridor in Central Europe," he demanded the withdrawal from West Germany of NATO's U.S.-built Pershing and cruise missiles as well as a pullout from Eastern Europe of Moscow's tactical missiles and a "drastic reduction" in Soviet SS-20 medium-range rockets. He promised, if elected, to cut the defense budget and cancel plans for West German participation in the U.S. Strategic Defense Initiative, or Star Wars. He also vowed to "stop nuclear energy...
...temporary loss in skilled management and lower profits. But the Pretoria government, long anticipating all possible sanctions, has developed a two-tier exchange rate for the rand, with lower rates on money from the sale of foreign assets, that would minimize its own capital loss in any foreign- business pullout...