Word: embargoing
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Dates: during 1980-1989
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...Iran. The hostages would die, anti-American sentiments all over the Mideast and South Asia would explode into violence, perhaps toppling a few shaky regimes and turning Third World condemnation of the Russians (for Afghanistan) and Iran (for hostage-taking) into condemnation of America. And a coordinated Western trade embargo towards Iran and Russia is not really possible. Europe and Japan need the oil, the market for technology. How will economic suicide teach the world we mean business...
With 15 states and nearly a third of the U.S.'s population under its purview, our Chicago-based Midwest bureau is never short of stories. But last week, with the embargo of Soviet grain sales sending shock waves through the Great Plains and a herd of presidential hopefuls campaigning in Iowa before the state's party caucuses, the bureau's correspondents found their list of assignments unusually heavy. Says Benjamin Cate, who has been Midwest's chief since 1975: "It was our busiest week with breaking stories since our cover on the Big Freeze...
Cate was already out in snow-choked Des Moines with the G.O.P. candidates who had come to Iowa when TIME'S editors in New York scheduled the cover story on the grain embargo. Filling in for Cate in Chicago, Correspondent Madeleine Nash marshaled stringers (part-time correspondents) to assess reaction to the embargo in the farm states and tapped her own agriculture sources. Patricia Delaney reported on the hectic commodities trading at the Chicago Board of Trade, while David Jackson interviewed experts on the gasohol program. Barry Hillenbrand, who had been following Ted Kennedy's efforts to explain...
That was the mood in which Carter had gone on television to order an unprecedented series of retaliations against the Soviet Union, highlighted by an embargo on the sale of $2.6 billion worth of corn, wheat and soybeans. For the first time in two months the 50 American captives in Tehran faded into the background. Said one high U.S. official: "The hostages are a burning but historically insignificant issue." Instead, the world now focused its attention on the more important?and potentially far more dangerous ?confrontation between the U.S. and the Soviet Union...
...economic woes may be the surest deterrent to a military takeover: the generals themselves do not believe they have any solutions. Another restraining factor may be the delicate state of U.S.-Turkish negotiations and the question of U.S. use of Turkish bases. In 1975 the U.S. imposed an arms embargo on Turkey as a penalty for its 1974 invasion of Cyprus. In return, Ankara closed down four of the U.S.'s 26 bases and listening posts in the country. When Congress lifted the embargo in 1978, Turkey received new U.S. arms shipments and reciprocated by reopening four...