Word: gulf
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Dates: during 1990-1999
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...connection between the attack and goings-on in the Persian Gulf was also discounted...
These are the fundamental structural disparities that 300 years of racism created. They constitute an enormous gulf in the quality of life experience that blacks and whites are likely to enjoy. In addition, the black middle class remains heavily residentially segregated by race, typically living in or on the periphery of declining ghetto communities. Discrimination by realtors, landlords, lenders and insurance companies play a major role in perpetuating such segregation. Further-more, the black middle class must still struggle against a popular culture sickeningly distorted by rumors of black inferiority. Clear proof of this comes in the remarkable sales...
...warned, though, that a Saddam II, if it does happen, would be nothing like the original--at least not in the stock market. When the Gulf War began, the U.S. was in the throes of a banking crisis and slipping into recession. Saddam was bent on hanging on to his oil-rich conquest. Stocks were down, and oil prices had briefly doubled to $40 per bbl. There was a lot to fight for. This time around, stocks are high and oil is low. The economy is on a historic roll. And Saddam isn't strong enough to upset...
...success in the Persian Gulf would vindicate all those market patriots bidding up share prices. But because it is so widely expected, success would merely maintain the status quo--not inspire a whole new bull market. And for those who worry about a bungle, stocks of defense contractors, oil producers and oil services companies would be good hedges. Remember, those generals on Wall Street wear suits, not battle fatigues. They don't really know a thing about...
...possibility, but that?s just window dressing. The secretary general hinted at the real deal when he said the document mentions sanctions -- and looks down the road toward lifting them. That?s one thing, at least, that Washington won?t like the look of. Those troops in the Gulf aren't likely to come home any time soon...