Word: boycotts
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Americans found it harder to live with the more profoundly threatening possibility that they might lose a way of life. From the Arab oil boycott of 1973 onward, the decade was bathed in a cold Spenglerian apprehension that the lights were about to go out, that history's astonishing material indulgence of the U.S. was about to end. Possibilities seemed to contract. Americans tutored in the gospels of progress began for the first time to peer at the future as a possible enemy. A few of them started waving pistols in the gas lines...
...Middle East, the world's largest oil- producing region, plays a part remains uncertain. Price is a key factor and it keeps going up. Administration officials are confident that heating-oil supplies are sufficient to tide the nation through the winter, despite the U.S. declaration of a boycott of Iranian crude in November...
...Egypt's economy today is a mix of unexpected strength and too familiar decay. The muscle is almost all in the country's robust foreign receipts. Despite the aid and trade boycott mounted against Egypt by other Arab nations after the peace treaty signing, Cairo can easily meet its foreign exchange needs. The largest source of funds is the money sent home by Egyptians working abroad; this will total $2 billion in 1979, up from just $200 million six years ago. Suez Canal revenues will bring in $600 million and could rise to $1 billion a year...
Thanks to its foreign income, Egypt has not been hurt economically by the loss of the $800 million or so in Arab aid it used to get annually, or by the Arab countries' refusal to do business with Cairo; before the boycott, those states accounted for only 7% of Egypt's trade. Arab anger remains high; the Egyptians expect that all of their postal, telephone and telex links to other Arab countries, as well as the remaining airline flights, will be severed in March, when Egypt and Israel plan to open embassies in Jerusalem and Cairo. Still, some...
...second most powerful ayatullah, Sharietmadari. They number about 13 million out of Iran's total population of 35 million, and have long sought autonomy. When Sharietmadari expressed mild reservations about the new constitution-he wanted some checks on Khomeini's power-and said that he would boycott the polls, most of his followers in Azerbaijjrfi followed suit...