Word: foreignization
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Dates: during 1970-1979
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President Carter was awakened at 5:35 Saturday morning with the news from Tehran that Khomeini had called for the release of a few of the hostages. But then followed a delay. On Sunday night, the students summoned foreign newsmen to a press conference with the first three of the hostages scheduled to be freed...
...nationalistic mullahs in the court of the Shah-stormed the Russian embassy in Tehran and massacred almost the entire staff. Xenophobia figured large in the 1900 Boxer Rebellion (so called because it was led by a group named the Righteous and Harmonious Fists), when rebels seeking to wipe out foreign influence in China laid siege to the diplomatic quarter in Peking. The Boxers held the quarter for eight weeks, until an international expedition of 19,000 troops captured the city and freed the thousands held hostage. That hostility to foreigners was echoed during the Cultural Revolution in 1967, when Chairman...
Whatever their views of the U.S.-Iran dispute, diplomats everywhere agree that Khomeini's support of the assault is a dangerous precedent. "Under the tenets of diplomatic immunity," explains Robert Beers, executive director of the American Foreign Service Association, "anyone accredited to another country as a diplomat is entitled to the protection of the host government. This protection is exactly what has been violated in this instance." The outrage in Tehran suggests that this vital principle of discourse between nations may be violated again in this age when terrorism is becoming commonplace. Says Beers sadly, "The old rules simply...
...damage that the Iranian crisis can do to the international financial system that is the lifeblood of the world economy. Nearly all the currency printed or minted by the U.S. remains physically inside the U.S., but an estimated $750 billion in legal claims on that money are held by foreign governments, corporations and individuals as so-called Eurodollar accounts overseas. Many of those accounts, including the bulk of the frozen Iranian assets, are located in the foreign branches and subsidiaries of U.S. banks. The funds are not under the jurisdiction of Washington at all, but of the banks' host...
Bankers fret that other OPEC producers may take Iran's experience as a warning and begin moving their funds quietly out of dollars and into foreign currencies, gold and other assets. So far, there is no sign of that happening, nor is there likely to be. Most governments, those belonging to OPEC included, applaud the tough-minded stand that Washington has taken with the Khomeini regime...