Word: westing
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Dates: during 1970-1979
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...three-member tribunal appointed by Brigadier General Binyamin Ben-Eliezer, Israeli military commander for the West Bank, then reviewed the case; last week it was announced that Shak'a's deportation order had been annulled. Among the "many considerations" involved in the turnabout, General Ben-Eliezer explained, were "the welfare of the city of Nablus and the welfare of Mr. Shaka'a's family." He might have added that the well-being of Begin's embattled government had also been a factor. In fact, nobody seemed happier with Ben-Eliezer's decision than...
Moscow's anti-missile drive has gone nowhere in West Germany. In West Berlin last week at the convention of his Social Democratic Party, Chancellor Helmut Schmidt said that the Soviet troop withdrawal was "welcome" but firmly reiterated his support of the NATO plan. At week's end the Soviets warned that mere approval of the missile modernization by NATO would kill any chance of talks on trimming nuclear forces in Europe. But the Warsaw Pact foreign ministers wound up a meeting in East Berlin on a more conciliatory, and realistic, note: their communique suggested that such talks...
...demand for cars. The old manufacturing centers of the Midwest and East-steelmaking Pittsburgh and Youngstown, tiremaking Akron, glassmaking Toledo, many others-rise or decline along with the fortunes of autos. St. Louis, Kansas City, Wilmington, Del., and dozens more cities are automaking centers. In the Far West (where public transit is grossly inadequate) and the Plains states (where communities are separated by long distances), people must drive or suffer immobility. Of course, they can and must do more car pooling. That is difficult for many: the suburbanite who works the night shift, the construction laborer who moves from site...
...U.S.Iranian economic war, many European moneymen were distressed at the haste with which U.S. banks have declared Iranian loans in default and have seized Tehran's overseas assets. Complained an angry Luxembourg banker: "Third parties are being unnecessarily drawn into the conflict. The Americans are displaying Wild West manners and throwing clubs that will boomerang." Countercharged a U.S. banker in London: "The Europeans have no guts. The dollar is one of the few weapons we have and, believe me, we intend...
...West German bankers have been particularly angry. Morgan Guaranty, one of Chase's U.S. partners in the defaulted $500 million loan, went into a German court and attached Iran's 25% investment in two big German companies, Friedrich Krupp and Deutsche Babcock. Last Tuesday, a day after a terrorist bomb exploded outside the bank's Frankfurt office, Morgan obtained a second court lien on the same assets to cover yet a further Iranian debt. The German bankers had thought they would have first call on these assets if Iran failed to pay some of its German loans...