Word: regionalization
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Dates: during 1960-1969
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Behind the Soviet plan is concern that the region's deadly round of raid and retaliation could draw the U.S. and Russia into a showdown that neither wants. The Russians also want to protect their Arab clients from another military defeat, and have artfully shaped their proposal to tempt-and perhaps confuse-the U.S. as it changes administrations. For the first time, the Soviets do not peremptorily demand that Israel withdraw from its occupied territories before negotiations begin, as the Arabs have always insisted. Instead, the Soviets propose a package that would include Israeli withdrawal-to what lines...
...young man, Agnelli could hardly have had it any better. His family has long flourished in Italy's subAlpine Piedmont, a region noted for its soldiers and industry. Grandfather Giovanni Agnelli gave up a military career in 1899 and founded, with partners, Fabbrica Italiana Automobili Torino.* After some early hard times, Giovanni took personal control. Soon Fiat prospered on the strength of racing successes. It absorbed many early rivals and moved from artisan to assembly-line production, which enabled it to build 70% of the Italian Army's World War I trucks. The company went on to furnish...
...Arab summit conference. Diplomats of the U.S., Russia, Britain and France met in three capitals to discuss the crisis. In Washington, officials judged the Middle East the one place right now where a confrontation with the Russians could occur, and a White House aide reported that the turbulent region is uppermost in President Johnson's mind during the final 18 days of his Administration...
...settlement can only grow from within the region, we believe. Powers outside this region have surprisingly little capacity to make the states here act against what they consider to be their interests. But the big powers can do two things here. They can force Israel and the Arabs to turn to each other by excluding the possibility of an imposed settlement. And if the adversaries make an agreement, the big powers can support such a settlement...
...large IBM storehouse of money-management data. By operating a special electric typewriter connected by telephone line to a computer center, a small-town banker can get a printout of information about conditions in distant bond and money markets, as well as economic forecasts for the nation or his region, and other data. If he is thinking of buying bonds, Dynabank will quote prices and yields of issues. If he wants to sell, the computer can tell him the market value of his own bank's portfolio. Dynabank advises what investment shifts to make, depending on the bank...