Word: alaskan
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Over the summer, with Richard Nixon's initiative toward China and his startling economic campaigns, foreign and domestic, an unfamiliar sense of drama has overtaken the Administration. Last week, as the President headed for his Alaskan meeting with Japan's Emperor Hirohito, and mainland China seemed astir with mysterious movement (see THE WORLD), there was anticipation of further surprises...
...outlying states. In Hawaii, which depends on the mainland for most of its food and other consumer items, the prices of some perishable goods have risen sharply. In addition, sugar refiners are searching desperately for space to store 100,000 tons of raw sugar that is currently being produced. Alaskan building contractors who were caught short of supplies by the strike sometimes lost a whole year's work; the construction season there lasts only three months...
...plans for reform of his own. In the Commerce Department, Stans started an ombudsman scheme that provides businessmen with an office where they can take complaints about the Government, and he supported the campaign against further U.S. hunting of endangered whale species. (But he recently upheld the "harvesting" of Alaskan seals by means of clubbing...
...reorganization under the bankruptcy law. Interior Airlines has also gone to court to stave off creditors. Alaska Airlines is in dire financial straits, as are several construction companies. Many corporations have overextended themselves. Bankers have begun to dry up financial pipelines that were once easily accessible to entrepreneurs. The Alaskan unemployment rate is 13.8%. The state has put up booths at the border and at airports in Seattle, Blaine and Sumas, Wash., and Sunburst, Mont., where representatives warn would-be immigrants not to go north in search of work and riches...
...also could route Alaskan oil to the Midwest by building a pipeline through Canada's Mackenzie River valley (TIME, March 29). This would encourage exploitation of Canadian oilfields that lie along the route. As a quid pro quo, the U.S. would have to make some guarantee to divert Venezuelan or domestically produced oil to Eastern Canada if Arab nations shut off Mideast oil. Eastern Canada is not connected by pipeline to the oilfields in the Canadian West and the Arctic, but buys Mideast crude because it is cheaper...