Word: emirs
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Dates: during 1990-1999
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...richest Kuwaitis are not alone in benefiting from the government's financial maneuvers. The Emir's first act after liberation was to forgive all consumer debts -- a gift of about $1.2 billion that, naturally, applied only to Kuwaitis...
...Emir's debt-forgiveness decree was a stroke of political genius, a recent statement by Prime Minister Saad was stupefyingly foolish. "Saddam is still thinking and planning further operations aimed at destroying Kuwait," said Saad on June 19. "They may take the form of sabotage to destroy Kuwait from within...
...postliberation population until the de facto deportation policy runs its course, businessmen are leery of replacing lost inventory. The government's inexplicable failure to set a reasonable compensation policy for goods lost during the occupation has aided stagnation as well. Most businessmen are also waiting to see whether the Emir will trump his consumer-debt order by similarly forgiving commercial loans. "Now we have Saad's idiotic statement about Saddam," says the Gulf Bank's Sultan. "Where is business confidence to come from? Who from the outside will invest here if our leaders are trembling? And what interest rates will...
Next time he has a quiet moment at 35,000 ft., he should put aside his briefing books long enough to sample a spate of recent articles and speeches that all say the same thing: Come home, America. Now that the Red Menace is history and the Emir of Kuwait is back on his throne, many of Bush's constituents would like him to do more to save their schools, hospitals, banks, jobs and pensions...
...post in this government," says an ex-minister, "is going to have a thankless task." One of the most thankless tasks will be to sell the Kuwaitis on the timing of parliamentary elections. Many hoped the balloting would take place this year, so there was much grumbling when the Emir announced that it would be next year, "God willing." Now it appears the elections will occur not even in the spring of 1992 but in the fall, which surely will further anger the voters...