Word: crash
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Dates: during 1980-1989
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Elsewhere in the gulf, other thinly populated oil producers are suffering assorted woes. Kuwait, which survived a stock-market crash in 1982, faces a $1 billion budget deficit this year. Yet the idea of cutting the country's generous welfare-state outlays remains wildly unpopular. In Oman, declining oil prices will hold the economy's growth well below the whopping 14% gain achieved last year and will force the government to curtail projects in its five-year plan. Omanis are already borrowing abroad and using foreign currency reserves to finance budget shortfalls. The United Arab Emirates, a federation of seven...
...boasts of terrorists for the sake of publicity are notoriously unreliable. On Friday, for instance, still another Palestinian splinter group made the improbable claim that it was responsible for the crash of the Mexican airliner early last week. But the link between Abu Nidal and the TWA bombing seemed plausible. His dossier of terrorist acts includes the killing of a number of Palestinian foes and Israeli officials and the bombing of synagogues in Europe. His group may also have been involved in last year's hijacking of an EgyptAir plane, leading to the death of 60 people when the craft...
...many Californians, the proposal makes no sense. If the world is awash in oil and petroleum prices are plunging, then why do energy companies want or need to drill for additional supplies of crude off the U.S. coasts? Nonetheless, despite the crash in the oil market, the Federal Government intends to go full speed ahead with its controversial plan to sell a new set of offshore leases. Along the California coastline, where many of the oil tracts are located, environmentalists, fishermen and many politicians are alarmed and angry...
...Catholic Church was busy concentrating its efforts on improving the lot of Haitians, 85% of whom are illiterate. Addressing 30,000 listeners at a Mass on March 7, Monsignor Francois Gayot, the head of the Haitian Bishops' Conference, announced a crash literacy program. Declared Gayot: "If these people could read and write, they could make everyone on earth share in the way they made this model revolution...
...meet American children "and tell them as much as I can about the Soviet Union." Sponsored by the San Francisco-based Children of the Peacemakers, her visit was inspired by a similar 1983 trip to the U.S.S.R. by Maine Schoolgirl Samantha Smith, who died last summer in a plane crash and has become a hero in the Soviet Union. Katya, who has acted in a young people's theater group back home in Moscow, plans to see the Statue of Liberty, Disneyland, NASA's Houston space center, and Ronald McDonald. Though she brought a gift for him, the more important...