Word: quota
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Dates: during 1980-1989
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...similar phenomena may have begun where Chicano students are concerned. For the previous five years Harvard had had very stable Chicano acceptance and matriculation rates. (Sandoval labeled this phenomena a "tacit quota system" to limit the number of Mexican-American students a figure respectable to other prestigious East Coast schools.) Last year saw a record number, more than half of thoseadmitted, however, choose to go elsewhere...
...with Iraq for almost four years, Iran has been either unable or unwilling to launch a land offensive that has been expected since March. Iraq, deprived of its export facilities in the gulf, has been unable to transport enough oil over its remaining outlet via Turkey to meet its quotas under the Organization of Petroleum Exporting Countries (OPEC). Work is expected to begin soon on two pipeline projects, including one that would cut across Jordan to the port of Aqaba, and another that would join with Saudi Arabia's petroline and carry Iraqi oil to the Red Sea port...
...strength by producing too much crude oil or selling it at a discount, the Saudis are usually the first to scold. Thus Saudi Arabia has perplexed the global oil industry this summer by boosting its output by 1 million bbl. a day beyond the country's voluntary quota of 4.5 million bbl. The extra crude has aggravated the world's surplus of oil and triggered a dramatic slide in prices. The situation again threatens OPEC's power to control the cost of crude. In March 1983, the countries were forced to make their first price...
...glut on the world oil market. But Prince Sultan, chief of the military and the national airline, overruled him, apparently because the royal family wanted to avoid dipping into the country's foreign-exchange reserves to pay for the planes. By exceeding its OPEC production quota, Saudi Arabia provided an easy excuse for most other members to do likewise...
...ministers may have to live with the glut for a while longer. Quota cheating by the small Persian Gulf states and price discounting by Iran have swelled the cartel's actual production to 18.5 million bbl. In addition, North Sea oil output rose 13.5% during the first five months of this year. To meet those challenges, OPEC last week organized committees to press each member for lower production levels, and Saudi Arabian Petroleum Minister Sheik Ahmed Zaki Yamani agreed to ask London and Oslo for a rollback in North Sea production. Then, in a symbolic gesture of unity...