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Ironically, the U.S. is finding it easier these days to deal with Nicaragua. Late last week the White House announced a "gentleman's agreement" with Congress to allot $4.5 million a month in humanitarian aid to the Nicaraguan contras for the next eleven months while diplomats work at pushing the Sandinista regime toward democracy. The bargain ends, for the moment at least, a fractious eight-year battle between the Democrat-controlled Congress and the Executive Branch over how to handle Central America. The product of intense lobbying by Secretary of State James Baker, the agreement to fund the contras...
...deeply involved in the program. General Electric has sold eleven F404 engines to power LCA prototypes, and Allied Signal, Litton and Honeywell are among the front runners in the bid to provide flight control and other sophisticated systems. Reflecting Washington's desire to forge closer ties with India, the U.S. Air Force will provide training, consulting and testing facilities for the LCA. Washington hopes the agreement will render India less dependent on the Soviet Union; New Delhi still relies on Moscow for many of its weapons imports and most of its co-production deals. Says a Pentagon official: "U.S. policy...
...alarming 12.6% rate so far this year, aroused fears that inflation might be picking up just as the economy is slowing down. That warning of possible 1970s-style stagflation sent the Dow Jones industrial average down 48.57 points Friday, to 2,292.14, its sharpest one-day decline in eleven months...
...this, camped on a folding chair behind a batting cage near an orange grove, counting pitches. "Spring and baseball," muses the California Angels' most seasoned coach, "don't change very much." Reese knows something about both. Seventy-two springs ago, he was the Pacific Coast League Angels' eleven-year-old batboy for "Peerless" Frank Chance. Playing with the Yankees in 1930, Reese and Lefty Gomez split a $2-a- day suite at the new Edison Hotel. On the road, Jimmie stayed with Babe Ruth. "I roomed with the Babe's luggage, mostly," he says in a tone of wake...
...past three years Eastern has sold eleven of its passenger-boarding gates and a choice Miami-to-London route, and has transferred 20 airliners to Continental, another unit of Texas Air. Two years ago, Eastern sold its computerized reservation system to Texas Air for $100 million -- a price most industry experts said was too low. Last October, Eastern agreed to sell its profitable Northeast shuttle to Donald Trump for $365 million. Two days after the bankruptcy notice, Eastern Express, a Florida commuter airline owned by a Texas Air subsidiary, changed its name to Continental Express. Said J.B. Stokes, a spokesman...