Word: budapests
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...Japanese businessmen and two Hungarian diplomats were indicted in Asheville, N.C., and charged with diverting to Hungary an advanced U.S. laser trimming system used to manufacture semiconductors. The product had been shipped from Charlotte, N.C., to Tokyo as an ordinary "carpet trimmer." From there it was smuggled to Budapest as part of a diplomat's "household goods." The Hungarians, according to the indictment, paid the Japanese $380,000 for their trouble...
...cornerstones of Communism had long seemed inviolable. One was the absence of that onerous capitalist tool, income tax. Another was the rubber-stamping role of the Parliament in a system controlled by the Communist Party. By last week, all that had changed. In an unprecedented session in Budapest's Chamber of Deputies, impassioned legislators demanded, and often won, amendments to a controversial package of sweeping economic policies. At the core of the new legislation: Eastern Europe's first major personal income and value-added taxes. Said Richard Hirschler, an editor at the respected economic weekly HVG: "This could...
Hungary's economic woes have been tied to a period of political stagnation under Party Boss Janos Kadar, 75. Last week's parliamentary debate, however, threw the spotlight on a younger, more dynamic figure: Prime Minister Karoly Grosz, 57, the former Budapest party leader, who assumed the post only two months ago. "Time is pressing. We cannot wait. We have to act," Grosz declared to loud applause from the 340 assembled Deputies. His performance fed speculation that he is the leading candidate to succeed Kadar, who has held power for 31 years...
Unemployment, new taxes and rising prices may prove to be a combustible mixture. Privately, Hungarian officials say that the regime has begun bracing for strikes and protests. "Things just keep getting worse," says Tamas, 19, a blue jeans-clad vegetable seller in Budapest. "Everyone I know thinks there's going to be an explosion." The challenge for Hungary's rulers, as for Moscow's innovative Party Leader Mikhail Gorbachev, will be to contain such public discontent long enough for the economic reforms to bear fruit...
...very active in many of Harvard's volunteer programs, including Phillips Brooks House's Workforce and Eliot's "Evening with Champions" ice skating fundraiser, Lee said. Saheb-Kashaf spent last semester in Budapest studying mathematics...