Word: withdrawals
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Dates: during 1980-1989
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...country, has the most ambitious free-enterprise plans. President Corazon Aquino is pressing for a "second revolution" to rebuild her impoverished and embattled country, which faces Communist insurgents at home and political maneuvers launched by ousted President Ferdinand Marcos from abroad. A Cabinet program calls for the government to withdraw from economic activities "to allow private business to become the prime mover of growth." Scheduled for sale are more than $6 billion worth of assets in idled companies, many of them abandoned to bankruptcy by Marcos or his cronies. Also to be sold are tens of millions of dollars...
Since then, Adlai Stevenson III, a bona fide Democrat who supports his party's platform--unlike the LaRoucheites--has chosen to withdraw from the ballot and attempt to run as a third-party candidate rather than carry these usurpers into office with him. The election laws are currently working against him in the same way that they confounded Berman...
...rejected by the A.B.A. but permitted in some states. For the lawyer who decides to part from a client, says Hofstra Law Professor Monroe Freedman, "the point of no return is when you are so close to trial that the judge is not going to grant a motion to withdraw." That was Rubin's plight when, on the eve of Sanborn's trial, he learned what he calls a "new version of what happened...
...Shultz and President Reagan remain opposed to sanctions, arguing that they would not only remove U.S. leverage in South Africa but devastate much of southern Africa. In June, however, the House overwhelmingly voted to clamp a comprehensive trade embargo on South African products and force all U.S. companies to withdraw from the embattled country within six months. Last week the Senate delivered its strongest gesture of impatience yet. Only hours before the body recessed for the holiday weekend, Republican Senator Nancy Kassebaum introduced a bill that would ban all new U.S. loans and investments in South Africa. Said...
Leaving South Africa is not easy, for emotional as well as economic reasons. The Afrikaners have no other homeland to go to even if they wanted one, which most do not. Furthermore, an emigrant is allowed to take no more than $40,000 with him, although he can subsequently withdraw the earnings from any remaining investments in South Africa. Says Frederik van Zyl Slabbert, former parliamentary leader of Helen Suzman's opposition Progressive Federal Party: "The chap with the double garage and two kids in school is going to have to think very hard." Even among those who would like...