Word: exportability
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...gained fame in his homeland, and infamy in the U.S., as the clerical adviser of the militants who held 52 American hostages for 14 months in Iran. Now Hojjatoleslam Mohammad Mousavi Khoeyniha, 44, has been given another mandate: to export religious revolution to Saudi Arabia...
...When the dust clears," said one U.S. Federal Reserve Bank official, "I am confident this will turn out to have been a much shorter-term problem than the one in Poland." Working in Mexico's favor is the oil pool, which, despite declining prices, guarantees a substantial future export income. Another, paradoxically, is the sheer magnitude of the country's debt; rather than spark widespread financial chaos by declaring a default, international bankers have little real choice but to reschedule Mexico's payments. Finally, Mexico's strategic and economic importance to the U.S. means that...
...late as last month the Bonn government agreed to give the company another injection of funds, in the form of export credit guarantees, bank loan write-offs and new bank credits amounting to $470 million. Events, though, were rapidly running against the troubled colossus. In June, President Ronald Reagan suddenly broadened the U.S. embargo on sales of American products for the planned Euro-Soviet gas pipeline, endangering a $260 million AEG-Telefunken contract to deliver to the Soviets 47 gas turbines that are being built under a U.S. license. Durr's ambitious program to restructure the company, called...
...addition, the Reagan Administration found itself in the awkward position of pressing for the sanctions in the same week that it authorized negotiations for a one-year extension of the agreement to export grain to the Soviet Union. The fact that the proposal was merely for an extension, rather than a new long-term agreement, did not impress the Europeans. Said Italy's Minister of Industry Giovanni Marcora: "We are expected to sacrifice our interests so that the U.S. does not sacrifice...
...countries, and particularly Iraq, are quite vulnerable. After its attack on Iran's Kharg Island faculties last week, Iraq reportedly warned Japan that its tankers should stop using the island. If Iran decides to retaliate in kind, it would probably aim first at the Iraq-Turkey pipeline, the only export route now available for Iraqi oil, and at the scattered fields to the west of Basra. A determined Iran could take Iraq out of the oil business for as long as two years. But even if warfare should paralyze the oil industries of Iran, Iraq and neighboring Kuwait, thereby removing...