Word: bankes
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Dates: during 1970-1979
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...more realistic worry is that conservative oil producers will see the seizure of Iran's funds as proof of the riskiness of putting assets in any money, in any bank. That would add yet more weight to the growing OPEC feeling that it is smarter to cut production and leave the oil in the ground where it is safe than to turn it into dollars or other paper assets that can be seized. Confidence in the international monetary system was shaky enough before last week's action. Since 1973, the nearly tenfold increase in oil prices has sent...
...business terms, both sides have fired their big guns: oil cutoff, attempted bank withdrawal, asset freeze. What further economic weapons can the U.S. use against Iran-and vice versa...
...West Bank mayors resign over losing one of their...
...vote in the Knesset, thereby threatening a defection that could reduce his government's majority to two. Faced with protests by fanatic nationalists over the court-ordered evacuation of a Jewish settlement at Elon Moreh, the Cabinet unanimously voted to forge ahead with new settlements in the West Bank. But the most powerful jolt of the week was a Cabinet decision approving the deportation of the Palestinian mayor of the West Bank city of Nablus. The move prompted the resignations of 27 Arab mayors in the occupied territories and set off strikes and rallies by Palestinians...
When 13 West Bank mayors submitted their resignations in protest, Weizman began to have second thoughts. After reading a transcript of Shaka'a's talk with Matt, he concluded that the Nablus mayor had been unfairly misquoted as defending the massacre. But at a Cabinet meeting next day, Weizman stood by his original decision and urged the ministers to approve the deportation of Shaka'a. They did so unanimously. Except for one town leader in Gaza, a11 the remaining Palestinian mayors immediately resigned and later announced, for good measure, that they would begin a hunger strike. Many...