Word: arabism
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Dates: during 1970-1979
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During the 1973 Arab oil embargo, the nation's major international oil companies did engage in some shortlived and frantic price gouging. That happened when OPEC prices began their dizzy upward spiral and the companies marked up the selling price of imported oil that had been brought into inventory before the prices rose. As much as $5 billion in windfall profits resulted. This happened at a time when the rest of the economy was plunging headlong into the worst economic downturn since the 1930s, and such cynical profit taking gave the oil companies a black eye. Few can forget...
...advisers made overly optimistic predictions in 1973 about the rate at which the University's expenses would rise, in part because the group met before the Arab oil embargo and the continuing energy crisis began to affect the economy. Eckstein said...
Resolution 242 Adopted by the U.N. Security Council in 1967, it acknowledges "the sovereignty, territorial integrity and political independence of every state in the area and their right to live in peace." Israelis say this amounts to Arab recognition of Israel's right to exist...
True Peace Jerusalem's phrase for full diplomatic, commercial and cultural relations with the Arab states...
...doors was much more the hard-nosed warrior than the cautious diplomat. His message was clear and tough, and he had some barbs for both President Carter and Secretary of State Vance. "We are being told by Carter and Vance that if we want peace, we must accept the Arab terms-we must give up the Golan Heights, the Sinai and the West Bank. Maybe there will be peace if we do all that-but there will be no Israel. We are not going to accept this...