Word: currently
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Dates: during 1970-1979
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...activities for a time, while the Saudis offered the U.S. their million-barrel-a-day oil production bonus-or "Fourth of July present," as King Khalid described it at the time. Kuwait was brought in on the deal to make use of the abilities of its representative on the current U.N. Security Council, Ambassador Abdalla Yaccoub Bishara...
...diplomatic strength of the moderate Arabs has been bolstered in recent weeks by improving ties between Saudi Arabia and Iraq, the world's leaders in both current oil production and in known reserves. Saddam Hussein has just emerged as the anti-Communist ruler of Iraq, crushing his opposition in the process; only last week his government executed 22 people, including several top officials, for alleged sabotage. Like the Saudis, the new Iraqi rulers are acutely worried about the risks of terrorism. So they are particularly anxious to reduce the chances of P.L.O.-inspired violence...
...week in a hotel atop Mount Carmel overlooking Haifa harbor. After Egyptian Premier Mustafa Khalil announced that Egypt would support a U.N. resolution dealing with Palestinian rights, one of the Israeli delegates, Justice Minister Shmuel Tamir, charged in a volley of diplomatic overkill that Egypt was "endangering the whole current peace process." The Egyptians insisted that they wanted the new resolution as means of bringing the Palestinians into negotiations. If the autonomy talks fail, they contended, a U.N. resolution endorsing Palestinian rights could serve as a fall-back position, a basis for subsequent negotiation. Eventually, the two sides settled down...
...lacocca disclosed that the company was considering dramatic cash rebates to customers of up to $500 a car; the aim would be to clear its staggering factory stockpile of nearly 80,000 unsold vehicles, valued at just under $700 million. Chrysler still has some 1978 models unsold, and, at current levels of demand, more than 200 days' supply of many of its 1979 cars...
Still, Chrysler's working capital -the difference between current assets and current liabilities, which is one measure of its ability to pay its bills from its own resources-has dropped from an acceptable $1.1 billion early this year to a weak $800 million in June. The figure now is still lower, and stock analysts predict that it could shortly fall below $600 million. That would violate the fine print of the company's 1977 revolving credit agreement with some 180 banks and could place it in technical default on $567 million in debt...