Word: export
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Dates: during 1970-1979
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...will raise the rent that it currently pays to Panama from $2.3 million to $10 million a year and will add another $10 million from canal revenues, business permitting. Panama will also be advanced a $200 million loan from the Export-Import Bank, a $75 million loan for housing investment and $20 million to start a Panamanian development bank. The two nations are also negotiating a military-assistance program...
...Russophile and art collector is the chairman of Occidental Petroleum. He graduated from Columbia Medical School 56 years ago, but has never practiced medicine. While still a medical student, Hammer made his first million selling Pharmaceuticals. Later he worked in the Soviet Union, eventually building up a rich import-export business with the Soviets. At 59, he took over Occidental. Figuring that he would recycle some oil money into his original profession, Hammer last week donated $5 million to Columbia for cancer research, one of the largest private gifts Columbia has ever received. Says Hammer with a smile: "Being...
...Communist computer technology has been the focus of an important, largely behind-the-scenes debate in Washington over the wisdom of selling late-model machines to the U.S.S.R. Because advanced computers are essential to the development of modern weaponry, the U.S. and its NATO allies have long prohibited their export to a potential enemy. Now the Administration has reaffirmed that decision by blocking the sale to the Soviets of an advanced $13 million computer called the Cyber...
Central Brain. The U.S.S.R. had been seeking to buy the Cyber 76 from its manufacturer, California-based Control Data Corp., for three years. The announced use: a United Nations-sponsored, worldwide weather-forecasting system. Control Data had eagerly sought the necessary Commerce Department export license. To allay fears that the computer might be diverted to military purposes, the company pledged that its own technicians would tend the machine, which would be programmed to cry foul at the first attempt to alter its mission...
Carter, who at first had been in favor of the Cyber 76 deal, began to have second thoughts, and they were soon passed along to Commerce. Result: export license denied...