America and the Falklands
Article Abstract:
The United States has extended the Monroe Doctrine from anti-colonialism to anti-communism. When Great Britain was faced with Argentina's invasion of the Falklands, the news media treated the story as one of chief importance. Secretary of State Alexander Haig was convinced that Argentina was guilty of aggression, and that a military solution was not what the United States desired. Haig's posture of neutrality in order to conduct peaceful negotiations was misinterpreted as failure to support an ally. America was concerned with Soviet influence in Latin America. When Margaret Thatcher conferred with Secretary Haig she stressed the desirability of a diplomatic solution, but the promise of force if necessary. When America officially announced its support for Great Britain, the objective was to avoid bloodshed. As Argentina strengthened its forces, Haig encouraged Thatcher to announce that Britain would immediately desist if Argentina would withdraw. The United Nations adopted a resolution for the secretary-general to negotiate a cease fire. Haig felt that support for any final solution would not be achieved if Argentina were humiliated. Ultimately, America's role did not prevent bloodshed, but it did help Great Britain.
Publication Name: Economist
Subject: Economics
ISSN: 0013-0613
Year: 1983
User Contributions:
Comment about this article or add new information about this topic:
Cost of Truth in America's Pensions
Article Abstract:
The Financial Accounting Standards Board (FASB) will be reviewing over the next year current pension accounting procedures. American pension schemes tend to be noncontributory. Companies are fairly free to determine how much they over-or-under fund pension programs. Unfunded obligations are often difficult to identify on financial statements. Stricter accounting standards would facilitate spotting potential problems by investors. The proposed accounting procedural changes are reviewed. The introduction of unfunded pension liability, intangible asset, valuation allowance and balance sheet recognition for pension obligation is controversial. Companies feel their financial standings would appear weaker. If the new scheme is put into effect, many companies might abandon 'defined benefit' pension plans altogether.
Publication Name: Economist
Subject: Economics
ISSN: 0013-0613
Year: 1984
User Contributions:
Comment about this article or add new information about this topic:
The De-Unionisation of America
Article Abstract:
Union membership has been steadily dropping in the United States. Unions are making striking concessions. Factors indicating a union comeback are listed. Graphs are listed.
Publication Name: Economist
Subject: Economics
ISSN: 0013-0613
Year: 1983
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Neoclassical norms and the valuation of national product in the Soviet Union: comment. The demise of Soviet industry: a regional perspective
- Abstracts: A model of target changes and the term structure of interest rates. Money and credit as means of payment
- Abstracts: An empirical analysis of municipal bond ratings in Virginia. FOMC anti-inflation policy: a quicker trigger or nothing new
- Abstracts: Policy performance and output growth in the transition economies
- Abstracts: Agglomeration in the global economy: a survey of the 'new economic geography.'. Trade and financial reform in China: impacts on the world economy