Word: weakens
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...Communist world. The root problem is the enormous cost of imported oil, now more than $11 per bbl.,* a fourfold inflation in only one year. The increase has enabled the oil exporting countries to earn an almost inconceivable amount of foreign currency: about $100 billion this year. Unless prices weaken, next year's total will swell to $108 billion. By the end of this decade, the 13 nations of the Organization of Petroleum Exporting Countries (OPEC) could have a surplus of gold, dollars, pounds, marks, francs and other foreign currencies amounting to $650 billion; by contrast, the U.S.'s reserves...
...same end will be reached, the unions know, if a Conservative government is elected. Then the scenario will go as follows. Conservative wage controls will be resisted by crippling strikes that will further weaken British industry. A Conservative government will find it much easier than a Labour one, of course, to obtain mountains of foreign credits, but the indulgence of foreign bankers will run out eventually. In order to reduce costs some companies will attempt to lay off workers; meanwhile, other firms will go bust under the impact of tactical strikes and the slump. Nationalization of both kinds of companies...
...furor which had resulted from previous unofficial disclosures--may well, ironically enough, have had a positive effect on American foreign policy. Ford's blundering explanation of American activities in Chile was a remarkable example of political naivete. When asked whether intervention in another nation's internal affairs designed to weaken the foreign government could be justified under international law, and whether the Soviet Union could feel free to do the same thing in Canada or in the United States, Ford answered very straightforwardly. Failing to appreciate the sarcastic tone of the question, he responded: "I'm not going to pass...
While owning up to CIA efforts to weaken Allende, Colby insists: "We didn't support the coup, we didn't stimulate it, we didn't bring it about in any way. We were quite meticulous in making sure there was no encouragement from our side." Most U.S. policymakers would have preferred that Allende be ousted in democratic fashion at the election scheduled for 1976. That kind of exit, they feel, would have decisively proved the bankruptcy of his policies...
...International Affairs. Eban has had time on his hands since he was shuffled out of the Israeli Cabinet in a governmental shake-up last May. But he will return to Israel to take his seat in the Knesset in December, with no fears that his academic interlude might weaken his appeal. "In politics," he says, "a discreet measure of literacy is no longer a fatal handicap...