Frozen In Midstream

Iraq may be suffering from the gulf crisis, but so are its former trading partners in Europe, Asia and the U.S.

At NEI Parsons, a subsidiary of Northern Engineering Industries in Newcastle-upon-Tyne, England, employees have abandoned work on what should have been one of their most lucrative projects in recent years, a $150 million contract to build four turbine generators for a power station at Al Shemal, 240 miles north of Baghdad. Playing its small part in the worldwide sanctions against Iraq, the firm has announced layoffs of 650 workers. Near Beasley, Texas, Jack Wendt, who farms 1,500 acres of rice and grain, calculates that he will earn $72,000 less than in 1989 because of the sudden disappearance of the U.S. rice...

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