Word: traded
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Dates: during 1970-1979
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...wishful thinking by the Administration on this. Businessmen are very resourceful. Wherever there is a buck to be made, there is always going to be a sizable group of clever people who will get around an obstacle, even an outright embargo." U.N. sanctions against trade with Rhodesia since 1966 and against arms sales to South Africa since 1977 have posed no insurmountable problems for either country...
This income has helped Iran partly offset a de facto trade embargo imposed by U.S. longshoremen, who have refused to load cargoes on ships headed for Iran. U.S. exports to Iran in 1978 totaled about $3.7 billion a year and included 25% of Iran's food imports and most of the replacement parts for its weapons and capital machinery. Administration officials maintain that the freeze has furthermore deprived Iran of basic imports such as cooking oils, tires and even valves for Tehran's water supply system. Insisted one Administration spokesman: "The way we see it, the Iranians should...
...hold more than $90 billion in U.S. dollars and other U.S. financial assets that will continue to slip in value as the cartel's prices climb. These surplus states probably will not go along with any effort to dump the dollar as the currency of the world oil trade, a move that would undermine the value of the greenbacks they already hold. But Iran and Libya are urging OPEC to switch from dollars to a so-called basket of currencies, which presumably would include German marks, Swiss francs and other Western money, and a fight at next week...
...power alignment seems likely to emerge in Caracas: a loose coalition among Saudi Arabia, Iraq and Kuwait, the Persian Gulfs three biggest Arab producers, which now dominate the Persian Gulf trade as Iran sinks deeper into internal chaos. Instead of moderate price increases, higher production and cooperation with Washington, the outlook for the cartel as a whole seems to be for substantially higher prices, tighter supplies and increasing disinterest in whatever the U.S. seeks...
Under the bubble plan, a company can cut a lot of pollution from sources that are easy and cheap to control, but let out more discharges from sources that are hard and costly to curb. Plants in the same neighborhood can form a bubble and make the accepted trades among themselves. However, a firm cannot trade off the emission of a relatively harmless pollutant for a carcinogenic or otherwise hazardous substance...