Word: spain
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...Administration has already begun to adopt a tougher posture. Washington has given the twelve-member European Community until Jan. 30, for example, to settle a trade dispute involving the loss of U.S. grain markets in Spain and Portugal. Failure to meet the deadline will mean automatic 200% U.S. tariffs on a number of European products, notably wine, liquor and cheese. The problem is that the Europeans have promised to retaliate in kind, meaning that a major or minor protectionist trade war might already be in the offing...
High above the clouds, at 35,000 ft., Adnan Khashoggi's DC-8 is cruising noiselessly toward his estate in Marbella, Spain. His guests, sipping 1961 Chateau Margaux from crystal goblets with triangular silver bases, lounge on the jet's cream-colored chamois-and-silk banquettes. His masseur, his valet, his barber and his chiropractor -- they accompany him everywhere -- are relaxing as well because "A.K.," as he is known to his employees, is fast asleep on the $200,000 Russian sable spread covering his 10-ft.-wide bed in one of the plane's three bedrooms...
This past Christmas Eve, Khashoggi entertained some 60 guests at his 5,000- acre spread on Spain's postcard Mediterranean coast. For the occasion, La Baraka (in Arabic, "the blessings of God") was transformed into a Moorish palace: gold chandeliers draped in white leaves and red streamers, the ceiling of the 50-ft.-high ballroom covered with shimmering silver and gold spangles like the fringes on a flapper's dress. That night, like a magnanimous feudal lord, Khashoggi, in a gray-and-black satin tuxedo, greeted his guests with kisses on both cheeks. Servants trooped into the ballroom carrying great...
...origins of the European trade dispute go back a year, to the entry of Spain and Portugal into the European Community. With that move, Spain embraced highly protectionist E.C. farm policies that included prohibitive levies of up to 200% on U.S. corn and sorghum exports. The action effectively closed those Spanish markets, worth an estimated $400 million to American farmers. Under the rules of the General Agreement on Tariffs and Trade, a 92-member treaty, Washington demanded compensatory access to overall E.C. markets for the same goods. The Europeans recognized the U.S. right to compensation, but then refused to take...
Iran's Mohammad Reza Pahlavi Shahansha (1968), Germany's Helmut Schmidt (1979), Spain's King Juan Carlos (1984), and Sweden's Gustav Adolf (1938), Winston Churchill...