Word: awash
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While candidates across the South repeatedly denounced high government spending, they were less critical of campaign spending. The old Confederacy was awash with money, much of it from the candidates' own deep pockets. Thirty years ago, Clements founded an oil-drilling firm that made him one of Texas' richest men. He guaranteed loans of $4.2 million in his massive, $6.4 million campaign for Governor. Said he: "The spending was totally necessary because unlike a career politician, I had an identification problem." His elaborate phone banks reached 17,000 voters a day and seemed to bring out every Republican...
...felt that the U.S. stance on human rights was a crude intervention in Manila's domestic affairs. Local businessmen complain that their coconut oil is heavily taxed when it enters American ports, while a similar product from Malaysia is imported under low preferential tariffs. Meanwhile, the archipelago is awash with American pop culture. Rock 'n' roll is so ubiquitous that the radio stations have been ordered to play at least one Filipino-language song every hour...
Multinational Disadvantage. Exports suffer because the U.S. is the world's only large multinational manufacturing nation. During the 1950s and early '60s, when American companies were awash in capital but bothered by high-priced labor, they moved factories to countries where investment was welcome and labor was cheap. Many big firms do not export finished products because they already produce them abroad. According to a confidential State Department study, U.S. multinationals in 1970 were producing $200 billion worth of goods abroad. That was nearly five times greater than total U.S. exports and, if anything, the gap has widened...
...attends the occasion, but the summer of '78 seems special. "I've never seen anything like it," says British Travel Agent Dennis Carver. "They're willing to go almost anywhere." As long as they go to the Med. The Continent's treasured southern beaches are awash in bodies glued together ham to hock. Dark-skinned Arabs flirt with pale northerners. Africans peddle snakeskin handbags and handcrafted jewelry. Dogs, children and wind surfers turn sand and sea into a hazardous obstacle course for casual bathers. In France the separation of "nude" and "family" beaches has been almost...
...harsh winter and lower than expected new-car sales early this year hurt all of Detroit's automakers, but none more than Chrysler, which once again is awash in red ink. Last week, his newly styled hair showing more gray than usual, Chairman John Riccardo announced his company's biggest first-quarter loss in its history: $119.8 million...