Word: canadianization
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Dates: during 1980-1989
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Equally sharp-eyed Canadian mining companies have snapped up the rights to some 40% of the new gold-digging projects in Montana, Nevada and other Western states. In Northern California, foreign investors have picked up more than two dozen of the region's 300 wineries, among them the Almaden label (now British) and the St. Clement Vineyard (Japanese). In Alaska, Japanese investors control more than one-third of the state's $680 million seafood-packing industry. U.S. farmland might be a bigger target for raiders, except that more than two dozen states have imposed controls or bans on foreign ownership...
Maybe not at GM, where the U.A.W. contract expires along with Ford's. (Chrysler's domestic U.A.W. contract does not expire until next year. But some 70,000 Canadian workers whose contracts with all three automakers expire this month picked the No. 3 company last week as their strike target.) On the contrary, GM Chairman Roger Smith said last week, "I don't know of anyone in the world who can give you a 100% job guarantee if you are in a cyclical industry...
...This Canadian comedy scans like a fairy tale for feminist preteens -- Ms. Nancy Drew. Like Polly, Writer-Director Patricia Rozema works entirely too hard to be ingratiating; her picture is a desperate audition for endearment. Falling in love with Mermaids, as many viewers will, is akin to feeding the homeless or adopting an orphan puppy: an act of humane surrender...
Flush with cash and encouraged by the falling dollar, investors from overseas are snapping up skyscrapers and shopping malls, corporations and forest land, refineries and casinos. Already, Manhattan' s landmark Tiffany building is Japanese, Brooks Brothers is Canadian, and Sohio is in British hands. Is foreign ownership a danger? See ECONOMY & BUSINESS...
...this case, both of the jumbo jets were flying toward the U.S. from London at 31,000 ft. and were reporting to the Canadian air-traffic center at Gander, Newfoundland. Their close call came in clear weather at about the halfway point in their crossing. The Delta airliner drifted south of its course and passed just under the Continental plane, which was on its proper track. According to the NTSB, which is cooperating in the investigation with the Canadian Aviation Safety Board, the Delta crew had not been supplied with oceanic charts to display the coordinates of their assigned flight...