Word: settlement
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Dates: during 1970-1979
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...only Polaroid, with its instant cameras and film, remains a strong competitor of Kodak's in the amateur camera and film market. GAF abandoned that business last year because, said Chairman Jesse Werner, "it has become impossible to compete." Bell & Howell, which reached an out-of-court settlement of an antimonopoly suit against Kodak, has incurred losses in its consumer photo business since 1974 and has joined forces with two Japanese firms to market their products...
...Middle East peace initiative that began euphorically with Egyptian President Anwar Sadat's "sacred mission" to Jerusalem appeared to have come to a wrenching halt. First, Sadat abruptly recalled his Foreign Minister, Mohammed Ibrahim Kamel, from negotiations in Jerusalem involving a declaration of principles for a comprehensive settlement. In retaliation, Israel announced that it would not return negotiators to the parallel military talks in Cairo, which dealt with possible Israeli troop withdrawals in the Sinai...
Meanwhile, at the military committee, Weizman and Gamassy will again take up the problem of Israeli withdrawal from the Sinai. While there is hope for the settlement of this issue, the committee may not be able to solve a problem that has profound emotional overtones for Begin as well as for Sadat: the Jewish settlements in Sinai. In his early talks with Begin, the Egyptian President thought he could ultimately persuade Israel to dismantle them as part of an overall peace settlement; thus he was shocked by Begin's subsequent vow that they would be maintained no matter what...
...meanwhile getting "nonmilitary" financial assistance from West Germany, partly out of gratitude for the decision to allow West German commandos to fly into Mogadishu and rescue 86 hostages in the Lufthansa hijacking last October. For the moment, the West is backing the OAU committee which is seeking a negotiated settlement to the Ethiopian-Somalian conflict. Says an African diplomat in Nairobi: "It's a difficult question but not insoluble. The important thing is to provide an alternative to the terrible bloodshed that is coming...
Further planning, for the moment, seems impossible; already one investor who was prepared to put up $400,000 to build the settlement's first hotel has pulled back. The people of Yamit were outraged at the reaction when they offered 50 building lots for sale in Israel as a symbolic way to draw attention and secure support for their cause. The lots were sold quickly enough, but to speculators gambling on profits to be made from indemnities if and when the area is returned to Egyptian sovereignty...