Word: programing
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Dates: during 1980-1989
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Faced with an OPEC oil embargo in 1973, the country found enough willing sellers who were not members of the cartel to keep going nicely, while developing its coal and nuclear power. Within two years, thanks to conservation measures and its growing program to convert coal to oil, South Africa will meet 60% of its needs for oil and gasoline. Nor are international economic sanctions likely to give pause to the rulers in Pretoria. One ironic reason: although neighboring black nations would want to go along with a boycott, they could not for long because they depend so heavily...
...tide these businesses over, the Central Bank is putting together a 5 billion-peso industrial rescue program. Predicts a U.S. economist: "There will come a point when the Philippine government will have to choose between printing money and allowing some major bankruptcies." At that point too, say some government and financial officials, Marcos will have to choose between protecting his cronies and heeding his own economic specialists...
...Dickinson in Rutherford, N.J., chose not to have a speaker. Instead the students called in Trumpeter Dizzy Gillespie, creator of bebop, and let him play his songs Ow and Groovin' High. The campus visit briefly unsettled Gillespie. Afterward the jazzman recalled with a chuckle: "I looked at my program and read, 'Commencement address: Dizzy Gillespie.' I was terrified. Everybody knows a jazz trumpeter's instrument doesn 't wake up until 10 at night." In short, as usual, through the gloom there came notes of hope, idealism and humor as well. A commencement sampler...
Strong opposition to the Reagan program, however, now appears unlikely...
...great unknowns now hanging over the European economies is the future of French business after the election of Mitterrand. Board members generally doubted that the new French President would rush to fulfill his socialist program. The harsh reality of trying to run a fragile economy will be very sobering. Said Tumlir: "We are gradually emerging from a silly political season to some better understanding of the political conditions necessary for economic prosperity. Recovery always begins with a hangover." Even Italian Communists, said Giersch, are coming to the conclusion that it is "medium-size private enterprise that is really doing...