Word: slowdown
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...internal strife increases, Zimbabwe fears a slowdown in its campaign to attract more foreign aid and investment, which it desperately needs to counter the effects of its civil war. The country anticipates gaping budget deficits as it seeks to finance health-care programs and universal education. On a recent fund-raising tour of European governments, Prime Minister Mugabe attempted to convince his hosts that his much publicized split with Nkomo does not jeopardize Zimbabwe's stability. Last week the U.S. signed three agreements worth some $5.5 million in training and food, bringing total U.S. aid to Zimbabwe...
...management miscalculations in a series of unsuccessful attempts to diversify. Examples: Exxon spent $857 million during the past five years to develop uranium, copper, lead, zinc and molybdenum mines from Nevada to Papua New Guinea. But the company has lost $383 million on these operations because of the slowdown in nuclear reactor construction and a fall in metal prices. After investing nearly $1 billion in a project in Colorado to develop synthetic fuel from shale, Exxon abruptly suspended the program last spring. Exxon Senior Vice President Jack Bennett says the company still thinks that "some of these ventures...
...wage and price controls will undoubtedly lead to a slowdown in inflation. For the first six months of the year, prices rose in France at an annual rate of 13.5%, which was more than twice the pace of inflation in the U.S. and West Germany. The big question, though, is what happens when price and wage controls are lifted in October. Chevalier foresees a 1% increase in the last three months of the year, which would result in an annual inflation rate of 10.5%. Said he: "This is not a very big success, but it is acceptable...
...that was chaired by Reagan, N.S.C. Adviser William Clark agreed with Weinberger and Bush that the U.S. should express some criticism of Israel. When Reagan approved, the N.S.C. decided to defer the formal notification to Congress of U.S. intentions to sell 75 F-16 fighters to Israel. But the slowdown, which has no time limit, will have little impact, since the aircraft are not to be delivered until 1985. To ease the wrist tap even further, the announcement of the deferral was made quietly...
...That key indicator has fallen to about 6%, from a high of about 9% in 1980. Said Walter Heller, chief economic adviser to Presidents Kennedy and Johnson: "A sustained period of 6% core inflation is a very substantial improvement." Adds Charles Schultze, chief economic adviser to President Carter: "The slowdown in the rate of wage increases has brought a real long-term benefit to consumers...