Word: exporters
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...gulf states that fear their brawling neighbor the most. As the world's only Shi'ite-ruled Muslim country, Iran seeks to export its brand of Islamic revolution throughout the region and to overthrow the Sunni-ruled Muslim regimes in countries like Kuwait and Saudi Arabia. The two religious factions have been fierce rivals for centuries. Painfully vulnerable to Iranian subversion, the Sunni gulf nations have been understandably reluctant to alienate Tehran...
...though, Khomeini has failed to export his revolution much farther than Beirut. That is the stronghold of the Hizballah, or Party of God, terrorists who revere Khomeini. Acting under such names as the Islamic Jihad and the Revolutionary Justice Organization, the Hizballah is suspected of holding most of the 24 foreign hostages, including nine Americans and Anglican Envoy Terry Waite, who are missing in Lebanon. As the Iran-contra hearings showed, Reagan's arms sales to Iran were designed primarily to pry Americans from Hizballah's grasp. The deals apparently did secure the release of three Americans -- though four more...
Only two kinds of businesses seem to be thriving: those that sell to the government and those that sell for it. Some merchants who have hoarded such basic items as meat, sugar, flour and even matches have made huge profits. Says a businessman in the import-export trade: "The only money to be made these days is in trading staples, house appliances and the like. People pay whatever they have to to get them...
That high-stakes cooperation is being seriously compromised by the nuclear $ issue. Last month, long after the schedule for Armacost's visit was completed, Arshad Pervez, a Pakistani native who holds Canadian citizenship, was arrested in Philadelphia and charged with trying to export to Pakistan 25 tons of a special steel alloy used in the enrichment of uranium for nuclear weapons. A federal grand jury has since indicted both Pervez and a resident of the Pakistani city of Lahore, retired Brigadier Inam ul-Haq, for conspiring to illegally export strategic materials. U.S. investigators suspect that the Pakistani government is behind...
Blocking the path to robust European growth is the low value of the dollar. Despite recent gains, the U.S. currency is still down more than 40% against the West German mark and the French franc since early 1985. That decline has damaged many of Europe's export-driven economies by making their products more expensive in relation to American-made goods...