Word: incurability
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...decades, the Middle East had become substantially more important than the U.S. as a Western European trading partner. Even more important, Middle East oil has become absolutely essential to America's allies. Small wonder that Europe and Japan are hesitant about taking any action against Iran that might incur the wrath of other oil producing states...
...Reserve Board to control "unsecured" consumer borrowing-primarily the use of credit cards, check credit from banks, department-store charge accounts and the like. The Federal Reserve will tell banks and other lenders that, if they expand their lines of credit beyond the totals outstanding last week, they will incur a penalty: they will have to deposit a sum equal to 15% of the additional amount into a special reserve drawing no interest. How to stay within this requirement is entirely up to the lenders. They can refuse to extend additional credit to consumers, cancel the unused portion of existing...
...Americana. In 1955 John Foster Dulles helped set up what became known as the Central Treaty Organization (CENTO) as part of a global network of anti-Soviet alliances. In effect, Dulles was drawing a line in the dust that the Soviets dared not step across lest they incur the thermonuclear wrath of the West. That line ran along the northern frontiers of Turkey, Iran and Pakistan, which were all members of CENTO. In keeping with Afghanistan's policy of nonalignment, it remained beyond the American "security perimeter" and was therefore vulnerable to its giant neighbor...
Detroit's leaders hailed Honda's move in the belief that, once weaned from the protection of their government, Japanese firms will have to compete on fairer terms. They will have to pay American taxes, wages and benefits, and incur the same regulatory costs as do American manufacturers. And when Hondas finally start rolling off the U.S. production line, they will face strong competition from new small models, now being designed by Detroit: Chrysler's K car, Ford's Erika...
...London flat. "The situation is quite scandalous," declared Labor M.P. James Wellbeloved. The Prime Minister's spokesman replied that the warning was a "common courtesy" and denied that Blunt was a fugitive from justice. Though the Queen stripped him of his knighthood last week, he apparently will incur no other punishment. Reflecting widespread public indignation over the incident, the Guardian charged that the cover-up by successive governments was "a totally abject recital of official self-protection and dishonesty...