Word: boycotts
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...Administration has been involved in a reappraisal of its Iran strategy, which at this point amounts to little but wait and hope. America's Western allies are not enthusiastic about an economic boycott, and trade between the U.S. and Iran is virtually nonexistent. A naval blockade of Iran could hurt Western Europe and Japan and cause a further rise in world oil prices. A military rescue mission appears to be a hopeless enterprise...
...Olympic boycott hits sales...
...Olympics are supposed to be for sportsmen, not businessmen. But every four years companies pay dearly to reap the prestige and lucrative sales surge of an Olympic tie-in. The Carter Administration's Moscow Games boycott, though, has turned the summer's expected sales boom into a bust...
Misha, the Moscow mascot of the Summer Olympics, has been shaken by Jimmy Carter's Olympic boycott, and so has the NBC peacock. Now the shock waves have reached Postmaster General William F. Bolger, who last week withdrew all U.S. Olympic commemorative stamps, postcards and envelopes from the market "in support of national policy." Will the Olympic issues become hot collector's items like the 1918 upside-down airmail stamp, or even the less exotic 5? 1967 American Space Twins issue, which still commands $10 for a block of four? Not likely. Some 300 million Olympic stamps were...
Spitz journeyed abroad extensively even before he retired from competitive swimming and the swimmer-turned-businessman refuses to support the Olympic boycott by the United States. A member of two Olympic teams, he said the United States is overestimating the impact its absence will have...