Word: selling
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Dates: during 1970-1979
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...Special Ambassador Alfred Atherton to Saudi Arabia, Jordan and perhaps Syria to explain what happened in the Catoctin Mountains. It is also likely that the Administration will demonstrate its continuing commitment to Sadat. One possibility is that Carter will boost economic and military aid to Cairo, and possibly even sell Sadat 800 of the 2,000 armored personnel carriers that he has requested. By bolstering Egypt's armed forces, the U.S. hopes to enable Cairo to play a more active role in African regional affairs, such as supporting neighboring Sudan. That country's pro-Western government is worried about...
...safe return. That return is taxed at ordinary-income rates, to be sure, but then capital gains rates are no longer low enough to compensate investors for extra risk. Supporters of Steiger argue persuasively that cutting capital gains rates would raise federal revenues rather than reduce them. People would sell assets they have been salting away in safe-deposit boxes, move the money into new investments that help the economy, and produce a greater volume of transactions to be taxed. Russell Long, who will have as much to do with shaping this year's tax legislation as anyone, asserts...
...York's Citicorp, which already has 20% of the traveler's check market, plans to sell its Citibank checks through Carte Blanche. Citicorp bought Carte Blanche in the early 1960s, but was forced to spin it off when the Justice Department objected on antitrust grounds. A federal judge has approved Citicorp's plan to buy back Carte Blanche, and the trustbusters are not likely to block the reunion. Partly because of rising competition from bank-issued cards, Carte Blanche has fared poorly and could well use Citicorp's muscle...
...lure of the card business, and the reason that the newcomers are prepared to sell checks without a fee, lies in the "float"-all that money from checks that have been bought but not yet cashed. The check issuer has free use of the funds. Thus American Express's pitchman, Karl Maiden, urges returning vacationers to keep their unspent checks in their pockets as "emergency money"-and his campaign is working nicely. Although no firm returns are in yet on the Maiden campaign, American Express studies indicate that people already keep approximately $1 billion in cash stashed away...
These allegations are clearly exaggerated. Stringent enforcement of security measures has kept fissionable materials safe-the country already handles such hazardous substances as explosives and deadly chemicals-without impinging upon personal freedoms. The U.S. decision not to sell uranium-enrichment and reprocessing technology abroad will do nothing to prevent weapons proliferation. Indeed, it will cost America its chance to control international traffic in nuclear materials. France and the Soviet Union are reprocessing nuclear fuels for shipment to other countries...