Word: offs
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Dates: during 1970-1979
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On Oct. 20, 1962, some 20,000 Chinese troops poured out of the Himalayas overlooking India's North East Frontier Agency (NEFA). Other Chinese forces marched through the rocky wastes of the Ladakh region of Kashmir, about 1,000 miles to the west. Outgunned and outmanned by the invaders...
What becomes of this embarrassment of riches? A Buckingham Palace spokeswoman, noting that "the gifts are given to the Queen personally, just as she gives gifts personally," said that the jewelry might be worn by Elizabethan a suitable state occasion, such as a return visit by one of her hosts...
In Kuwait, Oil Minister Sheik Ali Khalifa al-Sabah declared a price increase of 9.3%, retroactive to Feb. 20. He blamed the decision on what he called price profiteering by oil companies, implying that if Big Oil was somehow ripping off the public, Kuwait was going to get in on...
Unless prices level off, living standards for people in consuming nations will be damaged. Worst hit will be the developing countries. Their impoverished peoples could not pay for OPEC'S latest blast of increases; fresh jumps could bankrupt their governments.
The oil-exporting countries have become aware that it no longer serves their interests just to produce what we need. Sooner or later, maybe sooner because of the events in Iran, they will decide that they are better off slowing up development efforts. They will pump less oil because they...