Word: persian
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...country is in a position to profit from the misfortunes of the Middle East, it is Venezuela. As one of the largest exporters of petroleum outside the Persian Gulf, it stands to reap a windfall of $2 billion this year from the rise in oil prices since Iraq invaded Kuwait. Yet as seen from Miraflores Palace, the official residence of President Carlos Andres Perez, every silver lining has its cloud. "This is phony money that we're making from the crisis," said Perez last week. "Whatever it can buy today, it may bring us damage and danger tomorrow...
...whether the U.S. is preparing to launch an armed attack to oust Iraqi forces from Kuwait. After Defense Secretary Dick Cheney and General Colin Powell, Chairman of the Joint Chiefs of Staff, recommended that 100,000 U.S. troops be added to the 210,000 already deployed along the Persian Gulf, there were widespread rumors and speculation that the offensive would start soon after this week's congressional elections -- or before Christmas, or early in the new year. In contrast, Soviet President Mikhail Gorbachev declared that any "military solution" was "unacceptable" after his personal envoy, Yevgeni Primakov, returned from a second...
WASHINGTON--The U.S. buildup to a fighting force of 430,000 in the Persian Gulf will take up to two months, officials said yesterday as details began emerging on president Bush's plans for matching Iraq soldier for soldier across the Kuwait border...
...first election of the 1990s came at a time of extraordinary volatility--with the nation on the verge of recession and on the edge of war in the Persian Gulf. Other issues emerged in scattered races--abortion, crime, the savings and loan crisis and ethics scandals among them...
...into a tailspin. The $40 billion in deficit reduction the plan is supposed to achieve this year -- half from spending cuts and half from tax increases -- amounts to 0.5% of the nation's total output of goods and services. Once the costs of the S&L bailout and the Persian Gulf mission are factored in, the real reduction for 1991 will probably be closer to $30 billion. Says Rudolph Penner, former director of the Congressional Budget Office: "In an economy of this size that's just noise...