Word: summiteering
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...economic summit in Houston, the West Europeans proposed aid to the Soviet Union and restrictions on greenhouse gases. Their American hosts privately grumbled about how expensive those proposals were, then publicly resorted to the oldest cop-out in the book -- form a committee and study the problem. The U.S. has a new motto: better to buy time than spend money, and if someone has to pay, better it be someone else. That's why the Germans and the Japanese, with their deep pockets, are particularly welcome at gatherings like last week...
...Insurance Corporation (FDIC) might file a $200 million civil suit against him and the other officers and directors of Denver's Silverado Banking, Savings and Loan Association, Neil Bush replaced Charles Keating as the S&L poster boy. His father interrupted his final press conference at the Houston economic summit to defend the besieged 35-year-old Denver businessman. "What father wouldn't express a certain confidence in the honor of his son?" asked the President as his voice cracked with emotion. "If the system finds he's done something wrong, he will be the first to step...
...tune that Ol' Blue Eyes immortalized could have served equally well as the theme song for the annual economic summit of the world's richest democracies held in Houston last week. Just as the Soviet Union's power to ride herd on its neighbors has been crippled by its domestic turmoil, America's ability to corral its allies has been hampered by two factors: the burgeoning economic clout of Japan and West Germany and the belief that the communist threat to Western security has receded. Today the U.S., Japan, West Germany, France, Britain, Canada and Italy -- known in diplomatese...
That debate, in turn, was a sort of warmup for what is likely to be an even sharper dispute at this week's seven-nation Western economic summit in Houston. That meeting will reunite Bush, Thatcher, Mitterrand, Kohl and Prime Ministers Brian Mulroney of Canada and Giulio Andreotti of Italy, plus Toshiki Kaifu of non-NATO Japan...
Soviet negotiators are coming around on the question of their waning role in Afghanistan. If anything, Moscow now seems as anxious as the U.S. to finalize a deal. An agreement has seemed imminent ever since last month's Bush- Gorbachev summit in Washington, and State Department officials believe it could come during the third Two-plus-Four conference in Paris next week. Moscow has sent a delegation to Washington to work out details of President Najibullah's future role, an acceptable election procedure and establishment of a vote-monitoring commission...