Word: americanizing
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Dates: during 1970-1979
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...obvious U.S. tactic might be to embargo food exports to Iran, which amounted to nearly $500 million in the fiscal year ended last September. The American Farm Bureau Federation would support President Carter if he should cut off grain shipments, as he could do under the International Emergency Economic Powers Act. Cries of "Food for crude!" are starting to be heard. The White House, however, has no present intention of halting food supplies. If the U.S. later plugs up this cornucopia, Iran will be less vulnerable than it once was. As a Persian grain trader says, "We are earning...
...exports of all kinds to Iran have fallen dramatically: from $3.7 billion in 1978 to under $1 billion this year. Iran gets about 25% of its food imports from the U.S., having bought 816,000 metric tons of American wheat in the past fiscal year. In September the Khomeini government signed a contract to double wheat purchases from Australia, to 520,000 metric tons over the next six months. The price is about $20 higher than America's $185 a ton. Meat from Australia and New Zealand, eggs from Turkey and poultry from Rumania are flowing into Iran...
...leverage is also weak because all commercial activity with Iran has declined since the revolution last winter brought about the nationalization of the banks and most private industry. A few years ago, the membership of the Iran-American Chamber of Commerce was a Who's Who of U.S. business. From A (Allis-Chalmers Overseas) to X (Xerox), the list numbered close to 250 and included practically every major U.S. company in international trade...
...Isfahan for the National Iranian Oil Co. The refinery has been a high-priority item for the Iranian government, which fears shortages of kerosene and diesel fuel during the winter. Last week, when the refinery was a month away from partial operation, Fluor called home its 52 remaining American employees, leaving Thyssen to finish the job. The few U.S. businessmen who remain in Iran represent a couple of banks and a computer company, and they are lying...
...event, economic sanctions have a dismal record of failure. The long U.S. trade embargo against Cuba has hurt the island economy, but Castro has managed to acquire most basics from the Soviet Union and other suppliers. In the mid-1960s, certain Latin American governments turned to Europe for the military weapons the Americans refused to sell them. There is very little that the U.S. sells to Iran that other countries could not supply...