Word: embargoing
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Latin Americans were not stunned when Argentina refused to take part in the U.S. grain embargo against the U.S.S.R., thereby leaving us holding the bag-alone. They have also not been upset when two of their countries threw in their lots with OPEC, which put the screws...
Nevertheless, the current crisis could ease Argentina into closer ties with the Soviet Union, its No. 1 trading partner. To the dismay of the Carter Administration, the junta undermined the 1980 U.S. grain embargo against Moscow, and now sells 77% of Argentina's crop to the Soviets. "It is altogether possible that the Argentines may want to give the Soviets base rights," says Richard Helms, former director of the CIA. Even if it were to keep the Kremlin at arm's length, an Argentina humiliated by the outcome of the Falklands crisis could be dangerously destabilizing...
Just after the 1973 oil embargo, the company created a special unit to develop new cars. The notable results include the RX-7 sports car, which gets about 24 m.p.g. from its improved Wankel engine, and the GLC. That compact is known as the Familia in Japan and the 323 in other parts of the world. Ford markets a version of its own, called the Laser, in 44 Asian countries. While the car looks suspiciously like a Volkswagen Rabbit, there is one important difference: the GLC sells for about $5,475, while a Rabbit costs...
Conservation is really nothing new for the Faculty, which has tried energy cutting measures since the Arab oil embargo of 1973. But with the uncertainty of the oil market and the rising budgetary pressures of the 1980s. Harvard officials appear to be continuing the concerted effort to bring down energy consumption...
...worldwide recession. This and the strength of the dollar abroad have cut into U.S. agricultural exports, which normally account for nearly one-fourth of farm income. But so far this year exports of corn, for example, are down about onefourth. The Soviet Union, stung by the 1980 U.S. grain embargo (which one economic consulting firm estimates cost American agribusiness $22 billion), has spread out its purchases among more suppliers. Of the 43 million metric tons of grain it is expected to import from the West this year, the Soviet Union has so far bought only 13.8 million tons from...