Word: embargoing
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Dates: during 1980-1989
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DIED. Hilmar Reksten, 82, once one of the largest operators of independent oil tankers in the world; of cancer; in Bergen, Norway. He parlayed a modest 1929 investment in a cargo steamer into a tanker fleet worth $600 million. His fortunes ebbed when the 1973 Arab oil embargo caused a worldwide slump and left eleven of his twelve supertankers lying idle. In 1979 he was acquitted on charges of evading income taxes on $89 million in foreign earnings. Ironically, he made this year's Guinness Book of World Records for paying a larger percentage of his annual income...
...allow cheaper foreign goods to flow into the country. Import duties have averaged over 45%, but the goal is to reduce them to 15% by 1984. The Argentine balance of payments will remain in the red this year, despite the export of grain to the Soviet Union following the embargo of U.S. sales to that country in January in retaliation for the Afghanistan invasion. The Soviets will buy $800 million worth of grain and meat from Argentina this year...
...that makes them reluctant to embargo exports to Moscow because of events in far-off Afghanistan, the Europeans see that as not a betrayal of the Western alliance but simply a matter of self-interest. And if the U.S. demands tough action against Iran because of the hostages, the Europeans see nothing cynical about reminding Washington that Iranian oil helps to fuel Europe...
...tente means the relaxation of tensions between nations. By that definition, the détente era in Soviet-American relations is over. Since Soviet troops poured into Afghanistan in December, Washington's policy toward Moscow has been almost exclusively punitive: a boycott of the Olympics, a partial embargo on grain sales, tightened restrictions on high-technology exports. The SALT II treaty that Jimmy Carter and Leonid Brezhnev signed a year ago this week may die on the Senate shelf. After more than a month in office, Secretary of State Edmund Muskie has yet to meet with Soviet Ambassador Anatoli Dobrynin. Muskie...
...grin as the tempo speeds up during rehearsal of a Vivaldi passage. The virtuozy were the hit of Moscow's Russian Winter Festival and will play for Olympic audiences this summer. Spivakov would like to bring them to the U.S., but for him Jimmy Carter's cultural embargo hits a sour note...