Word: arabism
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Dates: during 1970-1979
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...Some Arab complaints against the occupation are obviously exaggerated. The Israelis, for instance, have provided far more classrooms and hospital facilities than the Arabs will admit. Some of the charges-notably, the extent of torture carried out under interrogation in Israeli prisons-cannot be proved. Individual Arabs have given vivid testimony of maltreatment. "I can assure you we don't have torture," answers Brigadier General David Hagoel, the West Bank military governor. "I am against torture completely." Hagoel admitted to TIME Correspondent Don Neff that occupation forces sometimes surreptitiously bury bodies of Palestinian terrorists. "Funerals can cause great demonstrations...
Likud leaders insist that the occupation under a new government will not become as anti-Arab as West Bankers fear. Ezer Weizman, who as Likud's probable choice for Defense Minister would become the new overseer, may even withdraw the army occupation force and replace it with border police. Says Weizman: "I think we should start changing our Arab and military government policies. If I discover misuse of power, humiliation on purpose, or mishandling of the civilian population, heads will be chopped...
...surge in lending has been spurred by the vast balance of payments surpluses piled up by members of the OPEC oil cartel. In particular, Saudi Arabia, Kuwait and the United Arab Emirates have been unable to spend their new-found wealth fast enough, and they have deposited enormous sums in such major U.S. banks as Citibank, Chase Manhattan, Morgan Guaranty and Bank of America. Triffin reports that "at the end of last year, general monetary liabilities of the U.S.-including foreign deposits in U.S. banks and their overseas branches, as well as Treasury obligations purchased by foreigners -amounted...
Banned in Iran. Anyone who has read a newspaper in the past three years will recognize real-world dilemmas: a politically volatile Middle East, with Saudi Arabia and Iran at loggerheads over oil prices; New York's banks hungering for Arab oil revenues to fend off a looming liquidity crunch; a spreading Middle Eastern arms race, with the U.S. shipping ultramodern weaponry to all takers in a frenetic struggle to retain influence and hold the Soviets at arm's length. The villain is the Shah of Iran, who appears as a double-dealing megalomaniac bent on re-establishing...
...father's highway-construction business. Instead, he and a cousin revved up the company, branched into trucking and started hauling coal. The partners took over a money-losing coal company and started acquiring leases on vast carboniferous acreage. When coal prices soared in the wake of the 1973 Arab oil embargo, Burford struck it rich. He struck it even richer last fall by selling his biggest holdings for $10 million, retaining royalty rights that could net him and his partner another $10 million. The sad thing, says Burford, is that "nobody else can do what I did. The regulatory...