Word: persian
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Inability to achieve a GATT agreement would dramatically increase tensions in global trade. That, in turn, could damage cooperation on issues ranging from the environment to the Persian Gulf crisis...
Observers of U.S. policy in the Persian Gulf are increasingly puzzled over Washington's failure to play one potentially strong card: seeking the support of Iraqi opponents to Saddam Hussein, particularly leaders of the oppressed Kurdish minority. Washington has dropped heavy hints that it would like to see Saddam overthrown, and the Kurds are among Saddam's bitterest foes. But so far there have been no calls from Washington to the dissidents. The U.S., says a spokesman for the Kurdistan Democratic Party, a Kurdish independence group, "should look more closely at the internal situation in Iraq. And this can only...
Compounding the difficulties for Eastern Europe is political unrest and economic chaos in the Soviet Union as well as, farther away, the conflict in the Persian Gulf. Turmoil in the Middle East has pushed up oil prices and curtailed world markets at the very moment when the Soviet Union, still the East Europeans' major trading partner, has cut back sharply on oil deliveries to its former allies and reduced its purchases of their goods. In Hungary angry motorists have blockaded roads and bridges; in Bulgaria the government has been forced to order sharp cuts in the power supply...
Anxious consumers may be strolling the aisles, but they are holding on to their wallets more and more tightly. Fears about possible war in the Persian Gulf are piling upon recession worries and news of spreading corporate cutbacks. One consumer sounding after another is recording the development of a batten-down-the-hatches mentality. Since Iraq invaded Kuwait, consumer confidence has fallen to its lowest level in 44 years. In a national survey of 500 consumers conducted last week by the Leo Burnett advertising agency, 82% said the economy was in worse shape now than it was a year...
...help stir warm Christmas sentiments and loosen those purse strings, stores are emphasizing family ties this year. Montgomery Ward has donated $2 million worth of VCRs and videocams to the U.S.O. for American troops stationed in the Persian Gulf. Families of servicemen and -women are invited to go into the chain's stores and videotape holiday messages for them. The J.C. Penney's in East Brunswick, N.J., is kindling the holiday spirit with a giveaway. Customers can get a $10 discount on new coats by turning in any old coat; the used garments are then donated to the needy...