Word: embargoing
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Saddam's "Republic of Fear"--as Iraqi exile Kanan Makiya dubbed Iraq in the title of his 1989 book--looks remarkably tame these days. You can fly into Baghdad's Saddam International Airport on one of the embargo-busting planes from Jordan or Syria or Lebanon that make regular runs--even if you are greeted by blood-red DOWN WITH AMERICA slogans daubed along the gangway in English. All the capital's buildings, bridges and roads damaged in the 1991 war and in follow-up American attacks in 1998 have been rebuilt. Fancy shops selling the goods of globalization line...
...must tell Castro to relinquish dictatorial power at once. White House spokesman Ari Fleischer insists that Carter should take a tough message directly to Castro "to stop the repression and to stop the imprisonments, to bring freedom to the people of Cuba." As for the Helms-Burton Act, the embargo Carter has pushed to have abolished since leaving the White House, Bush is standing behind it as a "moral statement." Meanwhile, the State Department will unveil their revised policy on Cuba on May 20 when President Bush visits Miami to commemorate Cuba's independence from Spain. It is likely...
...back into the game. For now, inflation seems tame enough, and even an outbreak wouldn't be good news of sorts if it were tied to resurgent economic growth. But whenever energy prices are high - and despite taking a brief slide Monday as Iraq ended its month-long oil embargo, they still are - the worst kind of price pressures lurk. Add to that the weak dollar increasing domestic prices in the import-dependent U.S., and it's not too hard to imagine some version of that dreaded 70s economy - growth-less inflation and listless stock prices - playing in re-runs...
...imported, and of that, something less than a fifth comes from Saudi Arabia. A complete shutdown of exports would, of course, hurt the U.S. economy, but it would hurt the Saudi one--which needs strong growth to satisfy a booming population--even more. "We haven't heard the word embargo for a long time," says Daniel Yergin, of Cambridge Energy Research Associates. "Most exporters are interested in stability. They don't want to shrink their own markets." The Saudis could conceivably decide that they would no longer use their excess capacity--as they do now--to smooth out market volatilities...
...shops outside are full of fat oranges, Pepsi, Pringles chips, but Layla's friends without brothers abroad can't afford any of that. Some must sell off a portion of their meager monthly food ration to buy medicine. Imported medicines are smuggled in through the embargo-busting trade with Jordan and the Emirates, but only the rich can buy those. The poor get cheap pills from "private" Iraqi drug companies that "never, ever work," says a pharmacist in the posh Al-Mansur district...