Word: reasonableness
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Dates: during 1980-1989
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...Prime Minister of the Vietnamese-sponsored regime, is ready to share power with Sihanouk but not with the Khmer Rouge -- and for good reason: whether or not they are allowed into a coalition, they will certainly try to keep their camps and arms caches. Some level of fighting would go on. It is a question of whether the Khmer Rouge are granted government portfolios and political legitimacy along with their military strength. Attending the Paris conference last week, Secretary of State James Baker said, "The United States strongly believes that the Khmer Rouge should play no role in Cambodia...
LBOs invariably lose money at first because heavy debt charges soak up their earnings. RJR Nabisco, which went private last December in a record $25 billion buyout, last week reported a staggering $309 million loss for the second quarter. Reason: $1.05 billion in interest and debt expenses. In announcing the loss, RJR Nabisco said its basic food and tobacco operations, which include Nabisco cookies and Winston cigarettes, performed strongly; the company added that its program to sell assets was ahead of schedule. RJR Nabisco has already sold more than $2.5 billion of businesses, including most of its European food operations...
Since the election, though, many Democrats have begun to see a certain expediency in welfare for the wealthy. The reason: a cut in the capital-gains tax would produce a burst of revenue for the Treasury, helping Congress meet its targets for reducing the federal budget deficit, at least in the short term -- the only term that seems to matter in Washington. During the first few years of a lower tax, investors would rush to realize the appreciation on their stocks and other assets and thus pay taxes on them earlier than planned. Once this spurt of early tax collections...
...Kiszczak's experience at quelling unrest may be a primary reason why Jaruzelski pushed his candidacy. The seriousness of Poland's economic crisis cannot be overstated: labor unrest is growing, industrial production falling and annual inflation galloping along at 150%. Perhaps most serious of all, basic food staples are in short supply, a fact underscored last week by President Bush's announcement that the U.S. will provide Poland with a special $59 million food-aid package. The urgency is not lost in Warsaw. "If the future government does not find effective means to change this situation," Kiszczak warned...
...other reason advanced by the presidents for dismantling the Contras so quickly is the destabilizing effect of the rebels inside the Honduran borders. This may be true, but a plan to reintegrate 50,000 Contra refugees into the Nicaraguan social and political mainstream within four months doesn't seem viable...