Word: embargoing
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Only if business owners like my barber succeed will normality return to Gaza. Mohammed Telbani owns the largest factory in Gaza, making cookies and ice cream. But he can't get his raw materials and packaging through the Israeli embargo, and he can't send his finished products to the West Bank, where distributors have started buying cookies from Lebanon instead. "I've worked on creating that market for 30 years, and now it's gone," Telbani said. Gaza's beaches may be packed and its streets safe, but its factories are shut, and its stores have almost no customers...
...unanimous in their criticism of Israel rather than Hamas for economic problems. "If we are free, we should control our own borders," said el-Helou. "But we do not, so the full responsibility is on the Israeli side." And business leaders point to a paradox of the embargo; it is destroying the only class of Palestinians who looked favorably on Israel. Most of those in commerce speak Hebrew and have--or used to have--Israeli clients, partners and friends. They had once looked forward to the day when there would be no trade barriers between an independent Palestine...
...death of Yasser Arafat in 2004. Abbas has dismissed the Hamas-led government elected in January 2006 and appointed a new Cabinet of technocrats. To avoid a repeat of Fatah's defeat in Gaza, the U.S. moved swiftly to bolster Abbas in the West Bank by lifting an embargo on aid funds for the Palestinians. The new strategy--shared by the Israelis, the Europeans and the Bush Administration--is to flood Abbas' government with cash and attempt to transform the West Bank, while putting Gazans on a diet of limited humanitarian aid in the hope that they will ultimately revolt...
...already tempted Moscow to intimidate newly independent Georgia; reverse the gains of the Orange Revolution in Ukraine; wage aggressive cyberwar against E.U. member Estonia after the Estonians dared to remove from the center of their capital a monument celebrating Soviet domination of their country; impose an oil embargo on Lithuania; monopolize international access to the energy resources of Central Asia. In all these cases, the U.S., consumed as it is by the war in Iraq, has been rather passive. U.S. policy toward Russia has been more grandiloquent than strategic...
...wake of the Iran-Iraq war, oil giant Exxon announced that it would pour $11 billion into capital investment and exploration over the course of the year. That was a 35% increase over 1980 and a tripling of the budget from 1973, the year when the Arab oil embargo first sent prices skyrocketing. "The $11 billion is almost three times the profit we made in 1979," a company vice president told a reporter...