Word: gunboat
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...situation of the oil industry may become more common as multinational corporations proliferate. The oilmen profit from the special treatment accorded them by home governments--at one time including the gunboat diplomacy that helped American companies negotiate favorable contracts with Venezuala, and eased British Petroleum's entry into the Middle East oilfields, and now incorporated in tax breaks like the U.S. oil depletion allowance. But because of their size, their international connections, and the economic clout of their cartels, the oilmen form a class by themselves, independent of the separate nations they supply and deal with. Negotiating with the Arabs...
...played a large and possibly crucial role in Chile's economic difficulties. Pressure from Washington on such institutions as the World Bank seriously aggravated Chile's fiscal crises. As Latin American Experts James F. Petras and Robert LaPorte Jr. noted in Foreign Policy magazine, "Dominican style 'gunboat diplomacy' has been replaced by 'credit diplomacy.' " But the Chilean economy was already in a sorry state as a result of the drop in the world price of copper and inefficient fiscal management...
London immediately rejected Iceland's right to extend its sovereignty unilaterally. British trawlers continued to cast their nets up to twelve miles from the Icelandic coast. In response, Icelandic gunboats cut the warps and traps of British trawlers. Two weeks ago, London claims, a gunboat called Tyr (god of war and victory) attempted to board the trawler Lord Alexander and fired two warning shots across...
...heady days of gunboat diplomacy and banana republics, U.S. companies like United Fruit and Jersey Standard often intervened in the internal politics of South American countries. Sometimes, to help promote their foreign interests, the companies could count on the diplomatic and military leverage of the U.S. Government. Those days are long past. But executives of the International Telephone and Telegraph Corp., the largest U.S. conglomerate, apparently yearn to carry on in the not-so-grand old tradition. The testimony in two weeks of hearings by the Senate Subcommittee on Multinational Corporations, which showed how ITT and the Central Intelligence Agency...
Victoria's impulsive reach for a gunboat was as quick as Lord Palmerston's whenever the empire's prerogatives were challenged. Although Albert tried to assert the principle that the crown should be above politics, she remained, as one expects queens to be, a natural Tory. Thus she ignored the Chartist riots of 1839, largely because no minister could persuade her that the rabble mattered. Albert and Victoria concurred on one political principle, that a sovereign's duty was to save "her" people from the blunders of their elect ed representatives. By custom, the Queen ruled...