Word: americanizing
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Dates: during 1970-1979
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With the two bills now virtually wrapped up, the Senate also began debate last week on the toughest Carter proposal: a new tax on extra profits that U.S oil companies could make from OPEC price increases. Because the price of American petroleum has been controlled by Washington since 1973, most domestic oil sells for only about half as much as OPEC crude. To encourage both conservation and exploration, the President proposed raising U.S. prices to world levels. But he linked that measure to an additional 50% tax on the oil companies' so-called windfall profits. Under Carter...
...most shocking news comes from Ford Motor's upper reaches, where glum executives are circulating a confidential memo projecting that the firm will lose just over $1 billion on its North American auto operations this year and probably the same in 1980. The estimated losses had been raised by $160 million in just the past few weeks. Ford will stay in the black only because of its healthy foreign and nonautomotive business, but in the auto trade at home, it is losing almost as much as Chrysler...
...they call it min ge, meaning popular country songs, but the folks who sing it certainly don't go around wearing backless sequined tunics or rhinestone shirts. That fazed Chinese Ambassador to the U.S. Chai Zemin not at all as he journeyed down to Nashville to learn about American country music at the source. Chai was feted by the who all's y'all of country. Roy Acuff sang about the Wabash Cannonball. Minnie Pearl taught him square dancin'. Johnny Cash gave the Ambassador his own guitar. Glamorous Barbara Mandrell did an impromptu duet with...
...guide's complaints about El Al range from the food, strictly kosher and inedible, to staffs that seem "tired, unenthusiastic, indifferent and undisciplined. . . None of our inspectors would willingly fly El Al again." Next lowest ranking goes to boozeless Iran Air; while no sane American would ride the Khomeini carrier today, it has never been very good...
...Delta 57% Braniff 69% Air Canada 58% Aer Lingus 66% TWA 56% Laker 65% British Cal. 54% N.W. Orient 62% National 52% Pan American 59% Air India 37% Iran Air 58% Brit. Airways...