Word: embargoing
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Dates: during 1980-1989
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...temporary payment-in-kind (PIK) deal, which doled out accumulated Government grain and commodity stocks to farmers who agreed to keep some of their fields fallow, cost $9.7 billion in 1983. Last week the President recalled those and other Administration policies that helped farmers: lifting the embargo on grain exports to the Soviet Union, eliminating estate taxes for widowed spouses (important to land-rich farmers) and getting Japan to double its imports of American beef...
...development of a Chilean weapons industry is an indirect result of the arms embargo that the U.S. imposed on the South American nation in 1976. That was the same year that Chilean secret-police agents in Washington, D.C., murdered Orlando Letelier, a former Chilean Defense Minister whom the government of Dictator Augusto Pinochet Ugarte disliked for his criticism of its human rights violations. When Chile almost went to war with Argentina in 1978 over ownership of three islands in the Beagle Channel, near the continent's southern tip, the Chilean government urged private industry to become involved in defense...
Lawrence Klein, winner of the 1980 Nobel Prize for pioneering the development of modern econometric models, is proud of his Wharton forecasts. They correctly predicted that the 1973 Arab oil embargo would result in a recession and higher inflation, and that the 1981 tax cuts would swell the federal budget deficit far beyond Government estimates. Says Klein: "At least econometric models can give you a quick on-line response to any major event like an embargo or a change in fiscal and monetary policy...
...updating of export guidelines, the U.S., Japan and their NATO allies have agreed to block the shipment of sophisticated or rugged microcomputers like the IBM PC-XT that could stand up to battlefield conditions. Because of pressure from U.S. allies, the new limitations, however, do not attempt an unrealistic embargo of the Apple II and other more fragile or less powerful machines. Said one Pentagon official: "We know that the Soviet plan includes acquisition of microcomputers from the West. Now we can slow them down...
...worst human rights records in the hemisphere (116 political killings and kidnapings a month). The results might also earn a small reward from the U.S. Congress, which is currently studying an Administration request for $10 million in "nonlethal" military aid for Guatemala, after a seven-year embargo on such assistance. Summed up the Rev. Kenneth Baker, a Jesuit priest and one of eleven official U.S. observers at the elections: "We have seen a tremendous hope in the future, but not necessarily a certainty...