Word: propping
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Dates: during 1970-1979
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...Tripoli, denounced Sadat as a traitor and added that "the real cause" behind Sadat's behavior was "the hypocrites and chameleons who nurture treachery and finance it." That sounded like an attack on the Saudis, who are giving at least $1.5 billion a year in aid to prop up Egypt...
...individual basis at the even higher spot market prices. Nigeria has also reportedly made deliveries to Israel for as high as $23 per bbl., vs. the official OPEC price of $13.34. Oilmen say that Libya's purpose in reducing sales under long-term contracts is both to prop up the price and to have some additional tonnage of its own to gamble with...
...asserted, "we can at least get in touch with some of the people that might be running the country" in the future, rather than "chaining ourselves to leaders who are going down the pipe." But Oil Expert Walter Levy wondered if the U.S. should instead do its best to prop up the present leaders, trying to buy time. Levy readily admitted that this approach collapsed in Iran. Call it shortsighted, he said, but supporting the status quo "may give us another five or ten years in Saudi Arabia...
...between units of the Imperial Guard and pro-Khomeini airmen and armed civilians at Doshan Tappeh airbase in eastern Tehran, the army supreme command abruptly announced that it would withdraw its troops and give "full support to the wishes of the people." The army had been Bakhtiar's last prop; he resigned, as did the members of parliament...
...decline of the dollar has compelled the Federal Government to dip deeply into its own Fort Knox reserves in its efforts to prop the faltering currency. Since early 1975, the Treasury has been holding periodic gold auctions in an attempt both to drive down the metal's price and to improve the appalling U.S. balance of payments deficit. The auctions benefit the trade balance because gold sales to foreigners are counted as exports. The International Monetary Fund has also been conducting monthly auctions, but the dollar has kept plunging anyway. In fact, a key element of President Carter...