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...million from the bank in 1981 as a protest against the consortium loan. The divestiture program has been effective in spotlighting the singularly oppressive nature of the South African regime and the key role played by American business in making apartheid economically viable. A decision by Harvard to weaken its ethical investment policy would be a signal t the South African government, and to transnational banks, that gilding a simple business loan to the South African government with humanitarian verbiage would be sufficient to legitimize direct subsidies to the state architects of apartheid. We should not overlook the domestic consequences...

Author: By Patrick Flaherty, | Title: Divestiture: The Corporation Breaks Its Promise | 3/3/1982 | See Source »

...Kissinger plan" (that is, succeed) or the "Sisco plan" (that is, fail). But when I went through the Israeli disengagement scheme in great detail, the mood grew frosty. The plan, said General Mohammed Abdel Ghany Gamassy, Egypt's Chief of Staff, was designed to improve Israel's security and weaken Egypt's. Sadat listened sphinxlike. Then he asked me to leave the others and go with him into the study...

Author: /time Magazine | Title: YEARS OF UPHEAVAL | 3/1/1982 | See Source »

...create allies. This statement is as evasive as it is obvious. Arms sales alone are not intended to create allies, but rather to strengthen lies already existing between the U.S. and its allies. All states have legitimate security requirements; to deny politically friendly states arms is merely to weaken their international position, which in turn reduces American influence abroad...

Author: By Paul Jefferson, | Title: A Necessary Evil | 2/17/1982 | See Source »

...though we had to do something to break the deadlock." Walter Sullivan said. He denied that a deal had been struck among the four Independents, who repeatedly sought to weaken the anti-conversion ordinance, and Vellucci, who usually supports the CCA on housing issues but who stated consistently since the November election that he was a candidate for mayor...

Author: By L. JOSEPH Garcia and Andrew C. Karp, S | Title: City Council Picks Vellucci as Mayor | 2/9/1982 | See Source »

While last week's talks moved toward deadlock, the domestic auto industry continued to weaken. Sales for the middle ten days in January fell 5.2%, compared with last year's already poor results. GM's sales declined 7%, in part because it had promised to cut prices if an agreement was reached. The automakers' production plans for this month indicate that it may be the worst February for sales since 1961. Financially troubled Chrysler is reportedly already trying to sell its profitable tank division for about $300 million to General Dynamics...

Author: /time Magazine | Title: Auto Talks Hit a Roadblock | 2/8/1982 | See Source »

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