Word: embargoing
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...most reluctant decision to move was made by The Netherlands, which has had the only European diplomatic presence in the city. The Dutch have a particularly warm place in the hearts of Israelis, for having shielded Jews during World War II and for enduring a severe Arab oil embargo on Israel's behalf during 1974. Israel, a Foreign Ministry statement said, expressed "deep sorrow and sadness" at the "cynical pressures" that forced the Dutch to act on the Security Council decision...
...guys, where some politicians shoot first and ask questions later." This was a forecast, no doubt, of the kind of attack that will be launched against Reagan during the campaign. Reagan, said Carter, suggested blockading Cuba after the Soviets invaded Afghanistan, while opposing the President's grain embargo. Scoffed Carter: "He doesn't seem to know what to do with the Russians. He is not sure if he wants to feed them or play with them or fight with them...
...Midwest, however, the heat and drought have had a mixed result. Commodity markets have been on a rollercoaster ride of boom and bust this year. Prices went into a tailspin last January, after the President announced the Soviet grain embargo. But reports of the drought began pushing them up again by the end of June. The market has also been helped by the timing of the Soviet decision to resume buying American grain on the last year of a five-year contract. It was announced last week that the Soviets will make an initial purchase of 100,000 metric tons...
Prices for key commodities, such as corn and soybeans, are now higher than they were before the Soviet embargo. Iowa farmers, who were getting $2.15 per bu. of corn before the embargo, were getting $2.76 at week's end, the highest price in nearly four years. Wheat in central Kansas closed the week at $3.70 per bu., nearly back to the $3.80 price in January. Beef prices, however, will start falling by November because of accelerated slaughtering due to the drought. That will result in somewhat lower beef prices then, but higher ones early next year...
...billion) and a major ship repairer. They came on a painfully embarrassing mission. On behalf of their company, they entered a guilty plea to an eleven-page statement of criminal offenses. The charges: during the lean years of tanker building and repair that followed the 1973-74 Arab oil embargo, Bethlehem engaged in a complex conspiracy that resulted in the payment of bribes of at least $400,000 to shipowners and agents in return for having them repair their ships in Bethlehem's yards. Bethlehem smuggled a sum close to $1 million into the U.S. to be used, evidently...