Word: cutoffs
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Beyond the fate of the hostages in Tehran, a new worry loomed last week: Was the energy-squeezed and inflation-dazed world economy about to fall victim to the crisis between the U.S. and Iran? Though the U.S.'s cutoff of imports from Iran and its seizure of that nation's assets in U.S. banks was a necessary response to irrational provocations, the actions also transformed petrodollars and petroleum itself into even more dangerous weapons in economic brinksmanship. That, in turn, added a new and alarming element to the crisis...
...business terms, both sides have fired their big guns: oil cutoff, attempted bank withdrawal, asset freeze. What further economic weapons can the U.S. use against Iran-and vice versa...
Wacker said Harvard officials had set October 19 as the cutoff date for research but had been able to find an alternate dumping site in time to prevent any research shutdown...
Nixon set a June 30 cutoff date for the Cambodian incursion. Eventually, 32,000 U.S. ground troops were involved. But, Kissinger says, casualties "never reached more than a quarter of the 800 a week that Laird had feared," and dropped sharply after that. At the time, Kissinger estimated that the action would delay Hanoi's next major offensive by six to eight months; Sir Robert Thompson, the British expert on guerrilla warfare, figured that it would set the North Vietnamese back by as much as two years. Thompson proved to be right. But that did not help to defuse...
...Fundamentally, we accept the role of the central government in foreign and defense policy," says Sheik Ezzedin Hosseini, a Kurdish spiritual leader. "But beyond that, we want to run our own show." Hosseini, like almost every other Kurdish leader, rejects separatism, if only because a cutoff from the oil-funded Iranian national budget would be disastrous...