Word: cutoffs
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Dates: during 1980-1989
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Siles' troubles began right after his election in 1980, when the armed forces prevented him from taking office. Two years later, following a general strike and a cutoff of U.S. aid, the military relinquished power and invited Siles back from his exile in Peru. But his coalition of four left-of-center parties, including the local Communists, has bickered incessantly ever since; a series of economic mistakes, coupled with severe drought and flood, have brought the country to the brink of ruin. The inflation rate reached 328% in 1983, and could hit 2,000% this year. Although the treasury...
...this would be equal to closing the Strait of Hormuz." Lloyd's denied the likelihood of such a cancellation. In any event, the world, and particularly the U.S., is nowhere near as dependent on gulf oil as it was ten or even five years ago. But a cutoff would still work a considerable hardship on Japan and several West European nations, and would undoubtedly lead to a sharp, if temporary, rise in the worldwide price...
Heller warned, however, of several "thunderheads" that could rain on Reagan's re-election effort or generate hailstorms for whoever occupies the White House in 1985. The dangers include rising interest rates, a gargantuan federal deficit, a plunge in the dollar's value, a cutoff of Persian Guff oil supplies, and increasing turmoil in the financial industry as a result of the near collapse of the Continental Illinois Bank and the continuing troubles that major banks are having with loans to Latin American countries...
...perhaps 20%. Among the countries most seriously affected would be Japan (which imports 58% of its oil from the gulf), Italy (46%), Spain (39%), and France (35%). In response to oil fears, the Tokyo stock exchange last Thursday experienced the second-worst day in its history. Furthermore, an oil cutoff could generate unrest and even upheaval in some of the gulf states. It could also lead the Arab countries to make withdrawals from Western banks, thereby putting added strain on the already troubled financial markets...
...suggested that the President articulate first principles: nothing for the Polish government, a cutoff of Polish imports into the U.S., a policy of providing food for the Polish people if we were guaranteed that it would reach them. The Defense Department and most of the President's staff, out of genuine outrage but also because of a reflexive belief in the power of the public relations gesture, urged sanctions. To the advocates of this policy, the trans-Siberian pipeline-designed to carry up to 20 billion cubic meters a year of natural gas 3,300 miles from Siberia...