Word: reagans
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...however, declare that the U.S. wholeheartedly backed President José Napoleón Duarte's recent offer to meet with Salvadoran rebels if the Sandinista government in Nicaragua would in turn hold talks with the contras. If that should happen, declared Habib, the Reagan Administration would be prepared to resume bilateral discussions with the Sandinistas. CHINA Chasing Bad Characters...
Cautious forecasters point out, however, that the boom machine still has a few weak spots. The oil bust, for example, has threatened the stability of energy firms and banks in the Southwest. "There are always things that can go wrong," concedes Beryl Sprinkel, chairman of President Reagan's Council of Economic Advisers. "But I'd say they are minimal at the present time, and the things that can go right are pretty evident...
...Clausen, the former BankAmerica chairman, as president of the World Bank when his five-year term expired on June 30? For months, Federal Reserve Board Chairman Paul Volcker was touted for the job, as was Labor Secretary William Brock. Last week the guessing game finally ended as the Reagan Administration named Barber Conable, 63, a highly regarded former Republican Congressman from New York, as its candidate to head the international development institution...
...Nicaragua itself, at the hands of the Sandinistas. That is partly because the policy has taken on an all-or-nothing quality: either the U.S. succeeds in bringing about the overthrow of the Sandinistas, or there will be hell to pay both geopolitically (Central America will be awash, in Reagan's colorful phrase, in a "sea of red") and politically here at home (the President's political operatives are already eager to ask voters next November, "Who lost Nicaragua?"). American inability to cope conclusively with such an antagonistic regime so close to home would certainly carry a price, potentially...
Both sides in the Great Contra Debate are using as a scare tactic the possibility that the U.S. might have to intervene directly in Nicaragua. Opponents of the Administration have warned for years that the contras are the forerunners of American troops. Now, just in the past few weeks, Reagan, Secretary of Defense Caspar Weinberger and White House Communications Director Patrick Buchanan have turned the argument around, invoking the specter of G.I.s in the jungle as something that no one wants to see but that might be required down the road if the Congress defies the President now. Sooner...