Washington Watch $
iWak Changes Course
. "-. a & an . .a V !
Iain j Egyptian rrcsi
. dent Hosni Mubarak's
visit to Washington this
week, his first since An
. war Sadat's assassina-
nun uvivm tvi n in
evitably focus' on the
, foreign policy issues that
are a legacy of the late
presiacni. cxjtuuij im
portant in the view of ,
. some '"- observers, ,
however, VMubarak is
likely to take the White ,
House talkfaVaa oppor
tunity to distance himself
convening of an interna
tional meeting ' next
month to -, . reassess
Egypt's economy and lay
the groundwork for a
new five-year plan.
Having consolidated
his power, Mubarak is
slowly changing a
political course which,
up until now, has closelyV
followed Anwar Sadat's.
If Israel evacuates from
its positions, in the Sinai
on April 25 as the
Camp David agreement
JAN The Namibia
negotiations have hit a
. new : snag. . With, the
Reagan administration
in 7 the lead, : the five-
nation Western Contact
Croup has focused on'
getting South Africa' to
agree to a set of Vcon-v
stitutional principles"'
that could form the basis
agreement. .
' . Having made revisions
in the first set ofpublish-;
ed principlesr-the Con
tact Croup has now been '
told those revisions are.
unacceptable V to the i
Foreign mi ni sters - f rom ;
eight key. African states
the . six f front-line
countries plus OAU
chair Kenya and power-' '
ful Nigeria agreed to ,
endorse SWAPO's . ob
jections during a meeting
in Dar es Salaam V
January 23. ; rr; ; ;'
' At the same time," the I
South African revisions,
Namibian independence
movement . SWAPO. i which had been worked
which is recognized by out during ' high-level
the : i Organization of ; meetings between U.S.
African Unity (OAU). ' aid South African of
ficials over the past three
months.' " '
At South Africa's 'in
sistence; the five drop-,
ped a clause prohibiting
discrimination in
"private cultural, social,
health, and educational
institutions,"' U.S. of
ficials ; argue that the:,
guarantee.; of "freedom
from , racial, v ethnic, "
The revised text also calls Reagan declared that
for a two-tier system for when his administration
! selecting " ' national came in, the Namibia
assembly members negotiations were "on
" half representing specific dead center" or '.'stalled
geographic precincts and totally.!' . : :.;
, half allocated to political , , AN, House ub.
parties on the basis .of.;, 0mmjttee on Africa is
; their, percentage:of the; hoIdlng hearings on the ;
r '''JJZ'P, administration's plans to
clearly
African s group,??
SUSDlciOU3;'f of
religious, - or sexual ' south . Africa and ' the
discrimination" included
in the r declaration of
rights clause is sufficient.
revise f export control
regulations affecting
South
Iron h'f predecessor, stipulates . preservers
..ictfWly in the field are looking for Mubarak
, srowuni'c ai fairs.
Muhairan is currently .
ruling a .wave of
popularity at home,
...for; because of hlsef
forts to 'open a
democra t dialogue with
iUca and retfaiom
nnSti by Sfcdat
qu because of his
rracldown on corrup
iwr. TOs latter cam
paign targets govern
ment officials a well. as
those ;n sSse private sec
r : -.o profited illegally
At Sadat "open
Hcr" ccenotiifc
v-Jieies. ."'
i"vpt!s anno?t:emeni
::.,'.- 'Vk ihai some 66 .
j;yjf )pi,-hf,jci,.vi will be
ir.rr.injr fo.ihe country
:e taken by some as
rivttei -to those op
ponents' who criticize the
government for becom
ing excessively depen
dent on the United
States. But the new ar
rangement also signals a
poiicy shift by Egypt's
new economic team, an
attempt to be more
pragmatic about
economic development
plans, w:.
Under Sadat's "dpen
door" policy the country
became . flooded with
foreign luxury items.
Given Egypt's average
per capita income of
$400, the importation of
expensive electronic
gadgetry, . cars, fashions
and food by the wealthy
became ;; a ' focus of
popular discontent and
swelled the ranks of the
Muslim fundamentalists.
Egyptian planners are
now working to reshape
the "open ,door" policy
to ensure that, a. latget
numbefjf)f t& cbuntry!s
- 42 million people benefit
from it. .'-, ,' ..'
Under the tutelage of
Muhammed Abdul Fat
tah Ibrahim, the newly
appointed deputy prime
minister for economic
affairs and minister of
investment and interna
tional cooperation, the
new ministers of finance,'
planning; and -economy
seek to. wean the
economy away from an
overdependency on the
chief foreign r exchange
earners:- oil exports,
tourism, remittances
from Egyptians working
abroad and tariffs from
the Suez Canal. . V
The economy has
. grown in recent years
largely as a result of in
creased earnings in these .
, four'areas, but Mubarak
and his team would like
to 'see thp development
. of an industrial base to
better anchor the
economy.!
Sadai's: expulsion of
Soviet diplomats, and
some 1.000 expens last
September dealt a
serious blow to industrial
development by .'.slowing
1 efforts to repair the
Aswan 'pain Egypi
I largest 'cimrplcicd project
' and adversely alfec
linji I he plans for a itcel
works tuciliiy and .an
aluminuin complex., .
The ' raprochement
with the 'Soviet Union
comes shortly ;' after
Mubarak remarked to a
foreign journalist that pi
exchange of attf
bassadors between
Moscow and Cairo was
"inevitable," though he
gave no timetable for
such action.1 An
economic team has since
been dispatched to meet
with leaders in1 Moscow. -At
the Y Same time a
delegation of Egyptian
economic experts visited
Washington just,;, last
week.. '-'' -; i'1''" .
In addition to his stop
off in" Washington,.
Mubarak is expected to,
4 v visit France, Italy and
'-West Germany in the
' coming days in an effort
to gain support for his
economic strategy,
, among other things.
The Cairo government
has also called for the
to move closer , to
moderate Arab states in,
an r effort - toT break
Egypt's isolation. Saudi
Arabia, whose leaders
Mubarak has met on
numerous -occasions as .
an emissary for Sadat, is
a logical place for Egypt
10 bgin as it tries to
enlist economic support
lor its development
plans.
AUTO DEATH COSTS
Ato crash itenths -d
irtjurkf: ccit the vsatica 120.1
billion a year ; more than the
total cost of either coronaiy
heart disease or stroke.
These findings come from
a study comparing costs of
cancer, auto aeddini, heart
isettse and stroke, ays Dr.
Justine Rorier, extenion spe
cialist in family resource
management at North Caro
lina State University.
for an independence
!- .' - -'A r . .. - .
Ok r-P i UPSS?'
:'. '.V ' ' X
w.. v"-" v government " critics of
'changes.;,They wan . a4) ,axed ,.; controls wiIl .
single system , for selec-cstif on February 4
tins aecomhlv nmhir ii. . . . .. X
V rr ;il '- 3 Officials tron tne tm-
ti.cy isu Wa..i uw wiu-. mPTCanA ctate DeDart-
mehts ;,will ' appear on
February 9.: 'Cr
(Continued from Page 14)
to share your winnings equally.
Nevertheless, $2000 salted away each ,
year for twenty years compounded an
nually at 12 would be $160,000. And
don't forget each year you get a tax write-;
off off the top for each $2000 contribu
tion, For a two-earner couple filing a joint
return, the deductible amount is $4000
and after forty years compounds to!
$3,436,570. Not bad McGhee, especially,
since "you and I know we can get an even
higher interest rate return by checking all1,
our investment opportunities.
But before you gettoo happy, though.'I
had better remind you that this is an In
dividual Retirement Account, meaning
Business In The Black
the money Is available at age 59'2. If "an
IRA is' tapped before 59'a, the amount
withdrawn is immediatelyubject to a ten
per cent tax and then it must be added to
your taxable income for the year
: withdrawn. With thai fact in the back of
your mind, making as much money as you
can under this tax deductible and tax
shelter program should be your prime
" motive. -; : ..'':',.',
. Making the most money means making
a fast trip dowri to your, local stock
brokerage house, That's a fact. A stock
brokerage firm can find more lucrative in
vestment avenues for your Individual
Retirement Account funds than the local
bank or savings and loan associations
2
h under today's rules and regulations.
For instance, with a stock brokerage
"firm Individual Retirement Account Pro-,
gram, you can actively manage your own
.money. Money market instruments such. .
as high interest paying money market
funds, mutual funds, individual common
and preferred stocks, government or cor
porate bonds, as well as, limited partner
ships in real estate, oil and gas programs;
will all be available to you.
The cost for opening up an Individual
- Retirement Account at a stock brokerage;
.firm? Would you believe $25 fully tax
deductible dollars. That's it. And you
control your own financial destiny.
- ciples to contain a firmer '
commitment to alter the .;
racial imbalances in such ?
key services as the police ?
and judiciary. '
, . - , '
ANJ In two recent :
television interviews,'
President Reagan has ex-,
pressed confidence that ;'
independence 1 ' :r for j,
Namibia is nearing. , t
VWe " are w getting
cooperation from Soutn
Africa as well as from
the front-line African '
states and from our'1,
European allies, and we .
think we're making ang
have made progress
toward a freemmib"''
he said in his January 2f.
talk with CBS' Dan
Rather - ;
On January 21, Tony.t
Brown, filming a televi
sion interview for broad
cast on his syndicated
"Journal" in February
asked the President;1
"What about yor ad-!
ministration's ' position
on Africa; many people
are saying it's not very j
clear?" In replying,;
Reagan spoke only of
southern Africa: "Our
position is, and we've
made it plain and the
South Africans recognize i
that we find apartheid
repugnant. We hope we
can help them in moving
farther away and all the
way away from that,"
according to- a White
House transcript.
Later he said: "What
we "would like to achieve
is not only independence
for Namiba but the exit "
of v Cubans from ''
Angola."
In ' both interviews,
f'V'
L
IAN) Former UN Am
bassador
Doriald
McHenry, who was the
.architect and coor
dinator of the Namibia "
- negotiations during the
Carter administration,
rejects Reagan ad
ministration charges that
a new approach to
U.S.South African rela
tions had to be tried. "I
think the record of South
African intransigence on
the question of Namibia
is abundantly clear, and
I think the participants
in this administration
know It," he argues. His
comments are 4 being
published in the first edi
. tion of a new monthly by
: Trans Africa Forum, the
research and educational
affiliate of the black
I American lobby , Tran
sAfHca in Washington,
scheduled for release this
week. . ' ; . ....
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