Word: 1980s
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Dates: during 1970-1979
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...What we have now is not a malaise among the American people, but a malaise in the highest levels of leadership," he booms, slashing the air with one hand and flipping large note cards with the other. "A can't-do President won't do for the 1980s." But Historian James MacGregor Burns, who traveled with Kennedy last week, thinks that the candidate has yet to define the basis of his challenge. "Kennedy is implying he will be effective without saying how he will do so," says Burns. "The Kennedys feel they can charge the politcal system with...
...quantities of food and money needed to eliminate hunger are very small in relation to available global resources." As a first step, the commission recommends that the U.S. make the elimination of hunger "the primary focus of its relationships with the developing countries for the decade of the 1980s," and contends that the country has a moral obligation...
...Soviets also need a stable regime in Tehran if Iran is to become a secure source of energy for them in the future. They are rapidly running out of oil of their own and will need to import large amounts of foreign oil beginning in the early 1980s. Under the Shah, the Soviets profited from cheap natural gas pumped from the Iranian fields through the Caucasus. To Moscow's chagrin, the Khomeini regime quickly canceled the deal after it came to power...
Sensibly, provision is being made for when the energy reserves run out. Fully 30% of all royalties are deposited in a "Heritage" trust fund, which now totals $5 billion and is expected to reach as much as $34 billion by the end of the 1980s. The fund makes major loans to other provinces (at competitive rates), but its main purpose is to bankroll Alberta's economic future. The provincial government has acquired its own Pacific Western Airlines; set up a local company to invest in all forms of energy, including oil from the thick, gummy tar sands; and offers...
...course, none of these disadvantages will be easily overcome. Since the satellites in the 1980s will almost certainly have to turn increasingly to OPEC for oil, there will be more inflation and shortages. That is causing considerable worry among the commissars. The trade-off for the deprivation of individual rights was always supposed to be steadily improving economic conditions. That is now proving ephemeral. So disillusionment, discontent and defections to the West are reaching epidemic proportions. If prices continue to soar, the political explosion could be immense...