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...Nixon Administration. We proceeded because in the climate of the Viet Nam period we were reluctant to give up the one strategic offensive program that was funded with which to counter the rapid Soviet missile force buildup; because we doubted that the Soviets could achieve accuracies to threaten our missile force in the foreseeable future; and because the Soviets ignored our hints to open the subject of a MIRV ban in the SALT talks. Whatever our reasons, there can be no doubt that the age of MIRVS has doomed the SALT approach...

Author: /time Magazine | Title: Essay: A New Approach to Arms Control | 3/21/1983 | See Source »

Chrysler's recovery is largely lacocca's doing, a triumph of brains, bluster and bravado. When the company needed money and the banks dithered, he threatened to go into bankruptcy. When he needed pay cuts and the union protested, he warned that he would shut plants. When Chrysler could not pay its bills, he persuaded suppliers to be patient. It now seems a plausible bet?not yet even money but not 100 to 1 either?that lacocca's company will survive as No. 3 against its behemoth competitors, General Motors and Ford, and occasionally even threaten them. Of course...

Author: /time Magazine | Title: Iacocca's Tightrope Act | 3/21/1983 | See Source »

...jeopardize development efforts in these countries, force cancellation of projects (thus alienating special interest groups), reduce the availability of imported goods, increase unemployment, and in general create social, economic and political tensions of the kind that preceded and indeed contributed to the revolution in Iran. Such tensions not only threaten the domestic stability of these countries, creating conditions for upheavals that could interrupt oil supplies, but could even turn one oil exporting country against another, as has been the case in the Iran-Iraq war. At the very least, sharply falling oil revenues today and in the next few years...

Author: By Bijan Mossavar-rahmani, | Title: The OPEC Multiplier | 3/21/1983 | See Source »

...course of the invasion itself belies the charge that the Palestinian forces had developed any serious challenge to Israel's security. That a lightly armed, badly outnumbered force could threaten an army equipped to the teeth with the latest in sophisticated American weaponry is a claim that only a fool--or someone with a vested interest in distorting reality--would make...

Author: NO WRITER ATTRIBUTED | Title: More Mideast | 3/17/1983 | See Source »

...rest of OPEC: unless a deal was struck within seven days, the gulf nations said, they would slash their oil prices to as low as $27 per bbl., $7 below the official OPEC price of $34. Such a move could trigger an all-out price war that would threaten OPEC's survival...

Author: /time Magazine | Title: Bracing for a Showdown | 3/14/1983 | See Source »

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