Word: countering
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Dates: during 1970-1979
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Home now for the deposed Shah is Contadora, an island a little more than a mile square lying 20 miles off Panama in the Pacific Ocean. Part of a necklace of 226 other islands called Las Perlas (The Pearls), Contadora earned its name -Spanish for counter-during the 16th century when it was used by the Spaniards as a place to count their catch from the surrounding pearl-rich waters. In the 1920s, a mysterious disease killed off the oyster beds, and for decades Contadora remained just another of the obscure-if beautiful-islands that speckle the Gulf of Panama...
...hawks sorely want to do. In fact, the divisions were sharp enough to raise questions about the future of OPEC. While its members' separate price rises will cause immediate pain to the rest of the world, they also present an opportunity for oil-importing nations to counter OPEC by cutting demand. Market forces, the law of supply and demand, will have a much bigger influence than before...
...sale schedules. More recently, Sotheby's pushed its mass-marketing strategy even further by signing an agreement with Tokyo's Seibu Department Stores Ltd., which brings the Western fine arts auction market into retail stores and enables Japanese buyers to place bids for, say, an over-the-counter Constable. When Wilson retires as Sotheby's chairman in February, he will be succeeded by his cousin, the Earl of Westmorland, who is an equally innovative businessman. "I am sure," says Westmorland, "the auction game is going to grow more and more popular...
...young fellow generals in sympathy with his aim. He discreetly assembled portions of at least two divisions for the arrest. Some units even seem to have left front-line positions on the demilitarized zone to come 30 miles to the fringes of Seoul. The action was designed to counter possible stiff resistance from units loyal to General Chung...
...most discouraging aspects of the Iranian crisis is how little it has moved the U.S. Government to counter the energy threat by taking dramatic action to conserve oil. Not only does the trauma in Tehran threaten at any moment to choke off deliveries of nearly 3 million bbl. of crude per day to an oil-thirsty world, but it increasingly jeopardizes petroleum supplies throughout the Middle East. U.S. Government officials calculate that a widespread upheaval in the Persian Gulf could quickly cut U.S. imports by 4 million bbl. per day, or more than 22% of total consumption. On another front...