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FINALLY, DIVESTMENT is more than just an issue of morality and community at Harvard; it is still of vital importance for bringing pressure to bear on the racist regime in Pretoria. While forces within South Africa are still the primary agents of change, the government of President P.W. Botha has made significant reforms in response to international pressure, most recently announcing the demise of the hated pass laws. The role of international pressure has been crucial both in instigating such reforms and in preventing a more violent backlash against progressive forces within South Africa...

Author: By John Ross, | Title: A Moment of Crisis | 4/21/1986 | See Source »

...merits of the proposed Meese medal have been exhaustively debated on this page and do not bear repeating here. What does beg a closer look is the contrasting reactions of the Harvard community to these two men. No juxtaposition of public events in my four years here has been so shocking or so close, in both space and time. And no two recent events could serve better as a quick illustration of the political biases of Harvard students...

Author: By Paul W. Green, | Title: A Bad Attitude | 4/16/1986 | See Source »

...least not yet. One reason for the delay, says Joseph Bereswill, a spokesman for Celanese Corp., the Manhattan-based petrochemical firm, is that "it takes time for lower oil prices to be reflected in the thousands of products derived from oil." Agrees Paul Christopherson, an analyst for Bear, Stearns, a Wall Street investment firm: "The price of the paraxylene that Celanese uses to make polyester has just begun to weaken. It takes a while for the market to figure out how far down derivative prices must go." For Detroit, the big question is how the oil-price decline will affect...

Author: /time Magazine | Title: More Money in Most Pockets | 4/14/1986 | See Source »

...average Korean, prosperity has bred a kind of contentment. "We do our best to bear Chun," says a businessman, "not because we love him but because we need political stability to keep our business surviving." Many Koreans remember that in 1979, after the assassination of Chun's predecessor, Park Chung Hee, the country suffered through a year of severe economic decline. Now they want to keep things steady...

Author: /time Magazine | Title: South Korea the Tide Keeps Rising | 4/14/1986 | See Source »

Desperate situations sometimes inspire daring solutions. Faced with a projected budget deficit of $17 million but unwilling to raise taxes, Belize's Prime Minister Manuel Esquivel has settled on a scheme to sell bonds on the international market that will bear an unusual dividend: the right of the buyer to become a citizen of his poor but peaceful Central American country...

Author: /time Magazine | Title: Belize: Passport to Paradise | 4/7/1986 | See Source »

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