Word: quota
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Dates: during 1980-1989
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...military activity against Nicaragua, it defined U.S. strategy as "increasing the pressure on Nicaragua and Cuba to increase for them the costs of interventionism." The pressure obviously is intended in part to be economic. The White House let it be known last week that it is considering reducing the quota under which Nicaragua sells sugar to the U.S. and redistributing that quota among more friendly Central American nations...
...internal affairs, even in nations that have little sympathy for Nicaragua's Marxist line. For example, Panama's sugar industry is severely depressed, and many workers at the mills are on layoff. But Panamanians insist that they will spurn any part of Nicaragua's sugar quota that might be offered to them. As for the Washington-supported military campaign of the contras, many Central Americans echo the concern of one Panamanian banker. Says he: "Honduras is being dragged in, and Costa Rica [where a second group of exiles is talking of infiltrating Nicaragua from the south] could...
...OPEC producers and dropping the official price only slightly, to $32. But most members were hoping for a consensus closer to 17.5 million bbl. of production and a new benchmark price of $29. Saudi Oil Minister Sheik Ahmed Zaki Yamani, realizing that the burden of a low production quota will fall on his country, rejected the proposal by Algeria and Venezuela with the comment: "Everyone would cheat...
Shelter representatives told the Cambridge City Council last week that four of the neighborhoods have reached their shelter quota...
Never before, it seems, have U.S. critics of IMF lending policies had so many arrows in their quivers. Any increase in the U.S. quota, they argue, would have to be borrowed in American credit markets, adding to the upward pressure on interest rates at a time when Treasury borrowings are already ballooning to finance record budget deficits. Opponents also see increased lending as little more than a sophisticated bailout for U.S. banks that lent billions of dollars, recklessly in the eyes of critics, to Third World governments and businesses. With prices of many commodities produced in developing countries depressed, those...