Word: third
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Dates: during 1970-1979
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...including the governments of Jamaica, Grenada, Guyana and Nicaragua - look to Cuba as both a societal role model and a source of aid. To Castro himself, Cuba is a progressive, socialist and "Latin African" nation whose revolutionary achievements give it a right to act as a spokesman for the Third World...
TIME Diplomatic Correspondent Strobe Talbott last week reported from Havana these conclusions on the summit and its consequences: "Castro has clearly succeeded in his main objectives. At the very least, Cuba has won the appearance of a ringing endorsement from the Third World of its military intervention in Africa. Though there have been dissenting and cautionary voices, the vocal majority have applauded Cuba's championship of liberation movements. In the future, Cuba and those countries and guerrilla groups seeking its aid will be able to point back to this summit and what will probably be called the 'Havana...
...American peace initiatives in the Middle East and southern Africa. This is precisely what U.S. diplomats sought to avoid, through two months of feverish lobbying with nonaligned foreign ministers around the world. The failure of those efforts is particularly bad news, since the non-aligned summit amounts to a Third World caucus on the eve of the upcoming United Nations General Assembly. The U.S. peace moves in the Middle East and southern Africa are therefore likely to face strong opposition before the world body...
...rotating Latin American seat; their chances of doing so are rated good by many diplomatic observers (the holder of the seat is elected by the General Assembly every two years). If Castro should go to the U.N. this fall, he will appear as the foremost leader of the Third World - and the firebrand spokesman for a kind of global anti-Americanism...
...gold goes to the bank's own account, but most is for its clients. The Dresdner is rumored to be active as an agent for Middle Eastern investors, though much of the demand is from West German money managers. Schreiber advises them to keep one-quarter to one-third of their investments in gold...