Word: withdrawals
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Dates: during 1980-1989
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...significant victory for antiapartheid activists, the California legislature ap- proved a bill last week that would withdraw, during a three- year period starting in 1988, some $11.4 billion in state funds invested in companies that do business in South Africa. Though as many as 119 universities, 19 other states and scores of cities have opted for or leaned toward divestiture, California's is by far the largest portfolio to be steered away from Pretoria...
Soviet Leader Mikhail Gorbachev was full of promises last week. At a speech in Vladivostok, he pledged to withdraw six Soviet regiments, amounting to some 8,000 troops, from Afghanistan by the end of the year. He cited his offer as proof that Moscow is "striving to speed political settlement" in the torn country, which the Soviets invaded...
...North Carolina businessman and former Nixon staffer. But in further checking, the Administration became concerned about Brown's business association in the past with Alhaji Umaru Dikko, an exiled Nigerian leader who has been charged with embezzling millions of dollars. Brown was hastily persuaded by the White House to withdraw his name...
...Reagan fed Congress's appetite for acting on its own. Indeed, if the President is lagging behind the public parade on South Africa, Congress is out ahead. In June, the House passed by a voice vote a sweeping bill that calls for the U.S. and most American companies to withdraw their assets from South Africa. The amendment, sponsored by California Democrat Ronald Dellums, gives companies 180 days to pack up and leave, a withdrawal that would involve $1.3 billion in direct investment. New loans would be halted and future trade prohibited, except for strategic minerals...
Reagan will need to use all his famous political skill to push back the increasing sentiment for strong sanctions that is sweeping Capitol Hill. Last month the House of Representatives voted overwhelmingly to clamp a total trade embargo on South Africa and force U.S. companies to withdraw their investments. Last week the Senate headed down a similar path as it considered three draft bills calling for sanctions. "The policy of the Administration is a disgrace and an embarrassment," charged Massachusetts Senator Edward Kennedy. "The Congress must act now to put the U.S. back on the right side of history...