Word: globally
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Dates: during 1990-1990
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...systems. Even if OPEC remains sound, an additional petroleum tax is not a bad idea, so long as it is accompanied by some sort of a rebate plan for the poor to counteract the regressive nature of such a tax. Already, American consumers pay absurdly low gasoline prices by global standards. Taxing gasoline heavily makes good economic sense, because fossil fuel consumption carries with it heavy, unpaid social costs--notably environmental destruction...
Meanwhile, Tehran declares a jihad against the U.S., the Iraqis molest Western embassies in Kuwait, and the global coalition against Iraq stiffens. -- If sanctions fail, can the U.S. cripple Saddam for good with a quick strike? -- Lifting the veil on Saudi Arabia, America's secretive ally that is suddenly exposed to winds of change. -- King Fahd, the man who rules the House of Saud...
...Kremlin's would have been inconceivable. But their new quasi alliance is the most striking, though very far from the only example of a proposition that has gathered force over the past six weeks: Saddam's power grab and the U.S.-led opposition to it have so shaken up global political and power calculations that the world will never be the same...
...long derided as tangential at best, was quietly making a comeback by mediating settlements in such trouble spots as Namibia and Angola. In the gulf crisis it has functioned at long last as its creators hoped it would 45 years ago, focusing world condemnation on an aggressor, authorizing a global embargo and even voting to permit the use of force to back up that squeeze. The Bush Administration would like to make the U.N. a cornerstone of its plans to construct a New World Order. The U.N. will continue to be effective, however, only so long as no proposed action...
...assiduous concern has paid off in spectacular fashion: from a cold start one year ago, Toyota's luxury division in July swept past both Mercedes-Benz and BMW in the vital U.S. auto market. Although Mercedes retook the lead during August, the Lexus performance sent shock waves through the global auto industry. BMW and Mercedes have seen their U.S. sales dip 29% and 19%, respectively, over the past three years at an estimated loss of $1 billion each in revenue in that market...