Word: oiling
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Dates: during 1970-1979
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...same day, the government removed the subsidies for cooking oil and other household products, and prices for those items jumped by 50%. During a stormy session of the Knesset, where the ruling Likud coalition now has a majority of only six seats, Begin survived a series of no-confidence motions. But observers were predicting that it was only a matter of time before the beleaguered Premier would be obliged to call new elections...
...1960s tried to bolster their sagging balance of payments by forbidding companies to export pounds or dollars to build plants abroad, businesses evaded the controls by borrowing in the Eurodollar market. The amount of Eurodollars available for borrowing sharply increased after the 1973-74 jump in oil prices. Members of the Organization of Petroleum Exporting Countries, unable to spend their petroprofits fast enough, began parking many surplus dollars in banks outside the U.S. Cartel members now have $74 billion in these Eurodollar deposits. Bankers also started lending large amounts of Euromarks and Euro-francs, which are West German marks...
...OPEC funds are then lent out, often to impecunious oil importers...
...likely to be imposed. If the Federal Reserve restricts U.S. bank branches, borrowers will simply shift their Eurodollar business to foreign branches. Bankers also insist that these markets will be needed to lend the developing countries the $50 billion they will need over the next year to pay their oil and industrialization bills...
...Yassmeen's Belly Dance Bazaar in Los Altos, Calif, Performer-Proprietor Jakkee Bryson uses one of the 11-lb. desktop devices to keep track of her inventory of exotic costumes and records. An oil company depends on one of the little wonders to operate a rig off California; others keep track of election statistics for politicians, control light in theaters and synthesize music for rock stars...