Word: shultz
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...declarations that will be remembered for their ringing prose, it did produce two carefully wrought but unusually direct communiques, one condemning state-sponsored terrorism, another supporting a plan to stabilize currency-rate fluctuations. The statements represented personal victories for two members of the Reagan Cabinet. Secretary of State George Shultz has waged a long and sometimes lonely struggle to develop a consensus in the U.S. and among America's allies on the need to strike back against states that sponsor terrorism; Tripoli and Tokyo are proof that he has succeeded. Treasury Secretary James Baker, with the pragmatic shrewdness...
...radicals' salvo may even have worked to the President's advantage, lending a certain immediacy to his call for a tough declaration against terrorism. During dinner with his fellow leaders on the first night of the summit, Reagan distributed a rambling ten-page position paper that Shultz, White House Chief of Staff Donald Regan and National Security Adviser John Poindexter had hurriedly drafted during the Air Force One flight. Thatcher, much to everyone's surprise, then pulled out a two-page proposal of her own. It included a checklist of direct measures that the allies could undertake...
...expelled from another country for terrorist activities. At his Tokyo press conference, Reagan implied that the agreement actually went further. "We didn't think it was perhaps useful," he said, "to put all of that into a public statement telling terrorists exactly what it was we intended to do." Shultz, ordinarily Buddha-like, was downright ebullient. When asked what the agreement would mean to Libya's Muammar Gaddafi, Shultz exclaimed, "The message is: 'You've had it, pal. You are isolated. You are recognized as a terrorist...
...While Shultz gloated, Treasury Secretary Baker was watching a cherished plan of his own come to fruition. In what is perhaps the most ambitious economic decision ever to emerge from an economic summit, Baker won support for his plan for bringing greater monetary stability to the free world economy. Since 1973, floating exchange rates have been set by the free market. One of the results has been wild fluctuations, including the rapid rise and fall of the dollar over the past two years and the current dramatic appreciation of the yen, which has some Japanese exporters crying for help. Rather...
...further damage the U.S. nuclear-power industry and even provide fresh ammunition to nuclear-disarmament advocates. On the other, the Reaganauts were eager to seize the opportunity offered by the Soviets' reluctance to disclose the accident and Moscow's refusal to give full details. Said Secretary of State George Shultz: "When an incident has cross-border implications, there's an obligation under international law to inform others and to do it promptly. We don't think they've provided what they should have...