Word: ifs
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Dates: during 1970-1979
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Daley is at least partly to blame for the crisis. He had a habit of agreeing to generous labor settlements for teachers without knowing how he was going to pay for them. To some extent, he mortgaged the future of the schools to buy short-term labor peace. But he...
Home now for the deposed Shah is Contadora, an island a little more than a mile square lying 20 miles off Panama in the Pacific Ocean. Part of a necklace of 226 other islands called Las Perlas (The Pearls), Contadora earned its name -Spanish for counter-during the 16th century...
In 1961 Charles de Gaulle looked at young John Kennedy in Paris and told him that he doubted the U.S. would launch its missiles if Europe were invaded by the Soviet Union. It infuriated Kennedy, who felt he would press the button in any showdown, and do it before Nikita...
Yet OPEC's failure to agree on a single price presents the oil-importing nations with a rare chance. If they substantially reduce their consumption of crude, prices at long last could be braked. Decreasing demand for petroleum can easily stampede OPEC's members into a back-stabbing...
Iran and Libya urged that OPEC adopt the classic market-tightening tactic of cartels: production cutbacks of 5% to 10% that would keep prices high even if demand sags. But several members, including Venezuela, resisted on grounds that production levels are a matter of national sovereignty. Among those opposing the...