Word: sectored
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...Beirut, Shi'ite Amal militiamen took 37 American male passengers off the TWA jet hijacked two weeks ago and hid them somewhere in the chaos of the western sector of the city. The triumphant captors brought five of their victims before TV cameras for a news conference, in which the prisoners pleaded that the U.S. not try to rescue them or take any military reprisal lest all the hostages die. At week's end the Shi'ite Party of God staged a rally around the captured jet; 1,000 demonstrators cheered the hijackers and chanted "Death to America...
None of this, however, can destroy the city's legendary mercantile spirit; even in the war-torn western sector, stores are still open, selling quality goods at bargain prices ($40 for a pair of stylish Italian-made shoes, $4 for a bottle of Scotch). Main reason: the government has been unable to collect customs duties for many months. Even some liquor stores are operating, though they keep their stocks hidden for fear of attracting the attention of fanatic Shi'ite militiamen who roam about looking for violations of the Islamic stricture against alcohol. Shortages of staples are rare; only severe...
French arms sales are booming today. Following a decline in 1983, export orders more than doubled last year, to about $6.66 billion, a record, and this year's orders show promise. "The government's instructions to the defense sector are sell, sell, sell," says a Western diplomat. France is now the world's third largest arms dealer, behind the U.S. and the Soviet Union...
...longer qualify for the investment tax credit or speeded-up depreciation write-offs. These are the very industries threatened most by foreign competition. The plan, said a Ford Motor Co. statement, "will have an adverse effect on capital formation in the creation of new jobs in the industrial sector . . . Overall, the tax plan will appear to be detrimental to the nation's trade balance...
...Towns have made it to school without Assistance Ltd.? "I'd be working at a Burger King, maybe, or anything I could get," he replies. Another big winner: Roskam, who just learned that Assistance Ltd. this month will receive a special citation from President Reagan's program for private sector initiatives...