Word: riche
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Dates: during 1980-1989
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Finally, Revel points to the rise within Western democracies of an "industry of blame," bent on fostering a one-sided notion of historical guilt. According to those who hold this view, everything that is bad, especially in the Third World, results from forces in the "rich" - meaning capitalist -democracies. Thus any Western attempt to resist Communist aggression, as in Angola or Viet Nam, arouses intellectual confusion and paralysis. Says Revel: "There was a time when you were an imperialist if you invaded an alien territory and imposed on independent peoples an authority they rejected. Today, you are an imperialist...
...individuals with $1,000 or less in their accounts, while wealthy depositors pay almost no fees and receive lavish services. Contends Stephen Brobeck, executive director of the Consumer Federation of America: "We are witnessing an increasing denial of banking services to the poor. The trend is toward serving the rich and ignoring the rest...
...countries, not all of them in the Third World, were too strapped to pay their imported-oil bills. At the same time, Western banks suddenly received a rush of deposits from oil-producing nations. It seemed only logical, even humane, that the banks should recycle petrodollars from the rich to the needy...
Obviously there is a moral imperative to aid Africa. Rich nations cannot sit atop stockpiles of unused food while others starve. But to address the problem only when it has reached epic proportions is almost as unmoral as not addressing it at all. The ugliest fact of the matter is that relief aid aggravates fundamental problems in the structure of developing economies by undermining long-term self sufficiency...
DIED. John Devereaux (Jack) Wrather, 66, California conglomerator with an empire based on oil, real estate and TV and radio properties, who was a close friend of Ronald Reagan's and a member of the original "kitchen cabinet" of rich, conservative businessmen who encouraged Reagan to run for Governor of California in 1966 and later for President; of cancer; in Santa Monica, Calif...