Word: arab
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Dates: during 1970-1979
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This observation, made last week by one of the Ford Administration's senior Middle East analysts, referred to the Palestine Liberation Organization, the umbrella group that Arab states have recognized as the sole legitimate bargaining agent for the 3 million Palestinians scattered throughout the Middle East. Although badly battered from its losing role in the Lebanese civil war, the P.L.O. remains an important force. A delicate diplomatic problem facing the new Carter Administration is whether, how and in what capacity Palestinian representatives ought to be invited to any Middle East peace negotiations that take place...
...kind of counterpoint to Arafat's decree, Palestinian students in the West Bank last week took to the streets once more in rock-throwing demonstrations. Later, Arab storekeepers called a general strike that closed down West
...Villa Borghese park, thousands of street lamps glow wanly in bright morning sunshine. Thermostats are set at stifling levels in many German homes. From Berlin to Osaka, families pile into their cars for weekend pleasure jaunts, clogging highways and creating hellish traffic jams. Just three years after the Arab oil embargo that shook consuming nations and threatened economic disaster, most of the world's consumers seem to have forgotten that an energy crisis ever existed...
...divisions are rooted in economic self-interest. The Saudis speak for a bloc of almost empty desert countries with huge oil reserves-Kuwait, Qatar, the United Arab Emirates-that want to keep prices down and sales high. Algeria, Iraq and Libya, with relatively smaller production and reserves, want to get the most for their oil; they are talking up increases as high as 25%. Most outside experts guess that OPEC will eventually compromise...
...devastatingly ironic example of petropower. The Libyan Arab Foreign Bank will lend Fiat $104 million and spend an additional $311 million to buy newly issued Fiat stock and bonds. That will give the government of Libya-which was an Italian colony until the end of World War II-an immediate 10% ownership of Fiat, the world's fifth biggest automaker, and eventually perhaps 13%; the Agnelli family's controlling interest will shrink from 35% to 30%. Libyans will take two seats on Fiat's 15-man board of directors and one place on the five-man executive...