Word: willingly
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Dates: during 1970-1979
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A more realistic worry is that conservative oil producers will see the seizure of Iran's funds as proof of the riskiness of putting assets in any money, in any bank. That would add yet more weight to the growing OPEC feeling that it is smarter to cut production...
This process, known as petrodollar recycling, has pushed up the debts of the less developed nations to $300 billion. Many nations are so weighed down with debt that bankers are growing wary of lending them more. Yet if they cannot borrow, poor countries will have trouble importing more oil. Without...
The obvious U.S. tactic might be to embargo food exports to Iran, which amounted to nearly $500 million in the fiscal year ended last September. The American Farm Bureau Federation would support President Carter if he should cut off grain shipments, as he could do under the International Emergency Economic...
Beyond the issue of securing the release of the hostages in Iran, the biggest immediate problem facing the Carter Administration is how to manage the symbolism of the siege-and, perhaps more important, the symbolism of its aftermath. There is great danger that the spectacle of youthful radicals, backed by...
In the international community, the reaction is likely to be more diffuse, but not less damaging to the Administration. Staunch allies, such as the NATO countries and Japan, ought to be aghast at an incident that so vividly demonstrates the limits of their senior partner's power. Friendly states...