Word: squeezees
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In addition to shoving Riyadh decisively into the Western camp, the gulf crisis has forced the Saudis to rethink relations with their fellow Arabs. According to Western diplomats, Riyadh has decided to financially squeeze the P.L.O., once a big recipient of Saudi largesse, as punishment for its support of Saddam...
As Defense Secretary Dick Cheney and Joint Chiefs Chairman Colin Powell concede, the deployment of U.S. forces to the gulf has been less than flawless. But it will be completed shortly, and a decision to wage war will probably follow. Most if not all of the serious diplomacy of recent...
THE UNITED NATIONS. The organization, 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...
To fight inflation, the Bank of Japan is using the only weapon in its arsenal: higher interest rates. A credit squeeze seems likely. John Hickling, portfolio manager of Fidelity Investments' Pacific Basin Fund, thinks the liquidity drought has arrived. Since nothing spooks stock-market investors like the prospect of rising...
As an international embargo begins to squeeze, Saddam adds American diplomats to his collection of Western hostages. U.S. forces are soon to be strong enough to go on the offensive. The biggest fear is that Iraq will attack civilians with poison gas. With events spiraling out of control, only an...