Word: waterway
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...economy. Industrial output is stagnant. Unemployment hovers around 14% nationwide and runs as high as 40% in some places. Foreign debt has risen to $3.4 billion, and export revenues (primarily from bananas, shrimp and light manufacturing) are falling. Panama is not benefiting much from the country's famous waterway, which was transferred to joint U.S.Panamanian administration under the 1977 Panama Canal treaties. The Big Ditch, historically a not-for-profit concern, last year showed an operating loss of $4 million, reflecting a worldwide shipping slump. One of Ardito Barletta's first unpleasant chores will be a round...
...been known for weeks that a Libyan cargo ship, the Ghat, had crisscrossed the waterway just before the explosions began on July 9. Soon after, it was noted that mines had exploded in both the southbound and northbound shipping lanes of the Red Sea, in waters that the Ghat had traveled. Later, French officials who inspected the ship at Marseilles ascertained that its rear loading dock appeared to have been lowered at sea and damaged by waves. Finally, British experts who examined an unexploded mine reported that it was an "ultrasophisticated" device made by the Soviet Union, one of Libya...
Iraq has its own Kurdish problem, and it was a key cause of the present war. In 1975 the Shah of Iran signed an agreement with Iraq that gave Iran a share of the Shatt al Arab waterway at the head of the gulf in exchange for the Shah's withdrawal of support for Kurds fighting the Baghdad regime. Iraqi President Saddam Hussein launched his war against Iran in 1980 partly to recover what he had signed away five years earlier. He now has fewer problems with Kurds than Ayatullah Ruhollah Khomeini does, largely because he created an autonomous...
...Reagan Administration is left with little choice but to restate its policy of keeping the waterway open to international shipping. Five U.S. gunboats are in the gulf, and a task force of seven or eight vessels spearheaded by the carrier Kitty Hawk is in the Arabian Sea not far away. Last week the Administration emphasized that any U.S. military role in the region should be part of a multinational effort...
Halfway around the globe, the largest armies since World War II have inflicted enormous upon each other. The Iranians have amussed estimated 400,000 troops in a front covering Basra. Iraq's second largest city, and the disputed Shatt al Arab waterway. Already, three times as many Iranian soldiers have died in the 43 month conflict that did Americans in the much longer Vietnam...