Word: arabized
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Dates: during 1970-1979
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...effect is something of a "British Gaullist." She would like to move away from European economic and monetary union but toward a single foreign and defense policy for the European Community. Although Thatcher is personally a strong backer of Israel, Tory policy is likely to be more pro-Arab than under Callaghan. There are also strong indications that Thatcher will promptly authorize the sale of 250 or so Harrier jet fighters to China, a move that will both outrage the Soviets and disturb the U.S., by increasing Soviet fears of a possible Sino-Western military alliance...
...sales: $60.3 billion), reported a gain of 37.4%, to $955 million, by far the most impressive three-month earnings period in the company's history. Recalling the rough treatment that the press gave top management in the winter of 1974, when Exxon announced similarly enormous profit gains during the Arab oil embargo, the company avoided a press conference; instead, it announced the earnings by faceless press release. Chairman Clifton Garvin and President Howard Kauffmann even managed to be out of town on vacations, leaving any explaining to be handled by a monotoned vice president...
Saudi Arabia $35,200,000,000 Iran $20,700,000,000 Iraq $9,800,000,000 Libya $9,800,000,000 Nigeria $9,500,000,000 United Arab Emirates $8,600,000,000 Kuwait $7,700,000,000 Indonesia $6,500,000,000 U.S.S.R. $5,800,000,000 Venzuela $5,400,000,000 Algeria $5,100,000,000 United Kingdom $2,400,000,000 Norway $1,700,000,000 Mexico...
...helpful. Last week, for instance, a House committee sensibly refused to give Carter stand-by authority to order gas-station closings if supplies get too tight. The closings might well provoke motorists to start topping off their tanks, resulting in long lines at the pump just as during the Arab embargo...
...industry's big advantage is that it can produce more "facts" more quickly than any of its critics. Since the 1973 Arab oil embargo, the companies have greatly expanded their Washington staffs; Gulf Oil, for example, increased its corps of lobbyists, lawyers and aides from four to twelve...