Word: britain
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Dates: during 1970-1979
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...vessel, broken down at sea, half a dozen people died before a passing British freighter picked up 295 dehydrated survivors last month and took them to Taiwan. The ship has been tied up in Taiwan's Kaohsiung harbor ever since while the authorities try to make arrangements for Britain to resettle the refugees. Since they have no political power, either in their own country or in any other, they must simply sit and wait...
...fact that Turkey is threatened by bankruptcy. The country has exhausted its foreign exchange reserves, faces $13 billion in foreign debts, and total exports earnings ($2.3 billion last year) barely cover the cost of imported oil. A group of 24 nations, led by the U.S., West Germany, Britain and France, agreed last month to provide $1.5 billion in emergency assistance. That aid was contingent on Turkish acceptance of an austerity program proposed by the International Monetary Fund...
During his 20 years in the House of Commons he had revived Britain's once great Liberal Party as a potent force in British politics. As a product of Eton and Oxford, and the husband of the former Countess of Harewood, he was an important member of that peculiarly British Institution, The Establishment, an exclusive "old boy" network that is still one of the keys to power and influence in Great Britain...
Somewhat surprisingly, the other industrial nations, which once counted on the U.S. to be the world economy's "locomotive," would now welcome a mild American recession. After a long period of sluggishness, the six other leading economies-Japan, West Germany, France, Britain, Italy and Canada-are showing hesitant signs of revival. An index of leading indicators for the six advanced 8% during the latest twelve-month period, vs. 1% for the U.S. But the gains have not been without cost, notably a rise in prices. According to the Organization for Economic Cooperation and Development, which monitors trends...
...Britain. Despite the efforts of Margaret Thatcher's new Conservative government to rein in double-digit inflation by trimming spending, the country's economic outlook remains bleak. Though Britain's North Sea oil supplies have eased its dependence on-OPEC, British exports are still not strong enough to pay for its imports...