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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...

Author: /time Magazine | Title: Arguing About Means and Ends | 4/18/1983 | See Source »

...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...

Author: /time Magazine | Title: Opec: Emperors with No Clothes | 3/21/1983 | See Source »

Shelter representatives told the Cambridge City Council last week that four of the neighborhoods have reached their shelter quota...

Author: By Mary C. Warner, | Title: Shelters Survive With Little Support | 3/8/1983 | See Source »

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...

Author: /time Magazine | Title: A $97 Billion Bailout Fund | 2/21/1983 | See Source »

...talks continued through the weekend, the delegates became increasingly confident that a deal was imminent. The Iranians were surprisingly content to hold their production to present levels. The Venezuelans, who pleaded for a higher quota, agreed to accept a slight cut instead. On Sunday night Venezuela's Calderón Berti suddenly emerged and disclosed that the participants had hammered out new quotas designed to hold the oil price at $34. Iran's Mohammed Gharazi was jubilant. "This is the greatest victory for OPEC," he proclaimed...

Author: /time Magazine | Title: The Humbling of OPEC | 2/7/1983 | See Source »

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