Debt relief plan as incentive for developing nations
John Cunniff discusses a $400 billion debt in 15 developing countries, with nearly $100 billion owed to the U.S. He proposes reforms including tying writedowns to partial repayments, allowing debtor writeoffs, and shifting debt control to the U.S. Treasury backed by 7 percent bank bonds, aiming to preserve bank solvency and reduce unproductive austerity.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW York
Uncle Sam
Joans
United States
Ing
Jending
Dunkelberg
U.S
U.S. Treasury
Budget Ax Aimed At Price Supports In Reagan Era
Administration budget cutters target farm price support programs as the largest potential saving for fiscal 1988. CCC spending rose to 25.8 billion in the year ended Sept. 30, led by feed grains at nearly 12.6 billion. Other major items include wheat 3.6 billion, cotton 2.21 billion, dairy 2.34 billion, and sugar 213.6 million.
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Washington
Associated Press
Department
Agricultural Stabilization and Conservation Service
Commodity Credit Corp
Reagan
Congress
CCC
USDA
Farmers Home Administration
Botha Says Censorship, Arrests Foil Christmas Strike Plan
President P W Botha claimed his government halted a planned bloody Christmas campaign by the ANC to incite anti-white violence. He cited seized documents, announced a dawn raid crackdown, and noted arrests of activists, including editor Zwelakhe Sisulu, amid regional clashes and alleged abductions in Swaziland.
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Johannesburg
South Africa
P.W. Botha
Guerts
African National Congress
Botha
ANC
Swaziland
Switzerland
Foreign Ministry
Sotia Dlamini
Zwelakhe Sisulu
New Nation
Sisulu
Nieman
Harvard
Walter Sisulu
Soviet Jetliner Crashes Killing 70 in East Berlin
A Soviet Aeroflot Tupolev 134 crashed in heavy fog near Schoenefeld airport in East Berlin killing most of the 82 aboard. ADN reported 12 survivors, later shifting to 17, with exact toll undetermined. Most victims were East Germans. no Americans aboard per U.S. Embassy. AP photographer described the wreck in a wooded area beyond city limits.
MENTIONED IN THIS ARTICLE
ADN
U.S
East Berlin
Associated Press
Elke Bruhn- Hoffmann
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Business and Professional Guide
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