Word: rebuilding
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Dates: during 1980-1989
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Vance has supported the post-Afghanistan sanctions, but he believes that the U.S. must start talking to the Soviets again about how to rebuild détente and save SALT. However, he recognizes that perhaps first there had to be a clearing of the air, an end to nonstop stories about his feud with Brzezinski, and a resolution-in favor of the Secretary of State -of who is the President's principal foreign policy adviser...
...there a practical counterpart in relations among nations? At the end of World War II the U.S. wisely declined to exact vengeance upon Japan and Germany, but in stead helped to rebuild them, turning them at last, ironically, into the real economic victors of war. In the nuclear era, revenge may be too hairy a form of redress and self-gratification to be endured. Yet a cautionary super-revenge, in the latent form of a cataclysmic threat, is the governing principle of the nuclear age. Revenge, of course, some times achieves an air of respectability, of Realpolitik...
...cachet. When the upgrading effort flopped badly, Sears switched directions and tried to recoup by launching a price-cutting drive. Sales rose 15% in 1977, but market shares slumped and profit margins dropped. Last year Sears again shifted tactics by cutting down promotions and long-running sales to rebuild earnings. But that also failed, and sales declined 2.3%. Sears was developing an acute case of corporate schizophrenia. Says Morgan, Stanley Analyst Walter Loeb: "There is a certain sexiness about Penney's, a certain chauvinist budget-orientation about K mart. But Sears' heavy-handed male orientation doesn...
Fresh from overseeing the settlement of Zimbabwe's independence, Lord Soames flew off to Mozambique late last month. There, in the capital of Maputo, he indicated that Britain would help President Samora Machel rebuild the war-shattered rail line from the Rhodesian border to the Mozambican port of Beira. Someone asked Machel: How did aid from capitalist Britain square with his Marxist principles? "Our Marxist principles stand," he replied, hoisting a glass of French champagne. "Don't you like drinking champagne in a Marxist country...
...stronger sense of the need to remain competitive and a rational effort to rebuild society have thus led to a balanced mix of private and public initiatives and institutions that have permitted a fundamentaly weaker economy to become a prodigious world leader. It illustrates what can be achieved with will and proper organization...