Word: reaction
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...negative reaction to the Durban speech gained in volume, Foreign Minister Botha insisted that the address had in fact lived up to its advance billing. He told TIME: "We have offered black participation. Now why doesn't the world community challenge us and say that if we stand for black participation, we should now implement it. Damn it, that would have been my reaction if I were a statesman abroad...
There has been a reaction. Chinese Communist purists blame foreign influences for such trends as a revival of pornography and prostitution. University students have staged several demonstrations in downtown Peking and other major cities. While ostensibly aimed at Japan's commercial presence, or, as was the case last week, at China's nuclear testing program, the demonstrations seemed to be directed more broadly at Deng's reforms because of the corruption and nepotism that have accompanied them...
Partly as a result of this attitude, America's Special Forces are still woefully unprepared for the challenges they could face. Though it is far more likely that the U.S. would use its handful of quick-reaction shock troops rather than any of its 17 active Army divisions or 13 Navy carrier battle groups, special operations still receive less than 1% of the Pentagon's $300 billion budget. Warns Jeffrey Record, a respected expert on military affairs: "I have no doubt that low-intensity conflict is the sort of scenario we'll be fighting in coming decades. What...
...Pakistan People's Party, the largest opposition party, denounced the move. "An act of political camouflage," she called it in a statement from her home in southern France. But other M.R.D. leaders, apparently caught off guard by the lifting of the state of emergency, had no public reaction to Zia's speech...
...Wall Street, reaction to the ruling was mixed. Drexel Burnham Lambert, the investment firm that first used junk bonds, called the decision "unwise and unwarranted." Drexel points out that of the $18 billion worth of junk bonds issued last year, less than 20% was used in takeovers. One supporter of the Federal Reserve was Felix Rohatyn, a partner of Lazard Freres, an investment banking house, who has been a critic of the use of junk bonds in hostile takeovers. Said he: "This was a sound step to curb the most extreme uses of junk bonds...