Word: canadianization
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Dates: during 1980-1989
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Such scenes are taking place all over America today, as other foreign scouting parties comb the highways and byways on the lookout for profitable finds. The searchers are Japanese and British, Canadian and South Korean, West German and Swiss, and all of them have one thought in mind: Buy! Buy! Buy! They are in search not only of factories but also of skyscrapers, shopping malls, farms and forest land, ski resorts and vineyards, refineries and mineral deposits. They have already bought some of the biggest and best-known corporations in the U.S., and their appetite appears to be gargantuan...
Economic experts in other countries, notably Canada and Britain, wryly point out that they have faced similar and even proportionately larger tides of foreign investment without losing control of their national destiny. Says Economist Alan Rugman of the C.D. Howe Institute, a leading Canadian think tank: "We in Canada have much more foreign ownership than the U.S. will ever have, and we're one of the wealthiest countries in the world as a result." Even so, Canada has suffered through prolonged bouts of unhappiness concerning foreign influence within its $379.3 billion economy and has occasionally lashed back at foreign investors...
American authorities were mildly astonished last week after getting a call from the Royal Canadian Mounted Police. The Mounties said they had nabbed Charles J. McVey II, 57, a businessman-fugitive on the U.S. Customs Service's ten-most-wanted list. The Canadian cops found him in Teslin, Yukon Territory, a hamlet 850 miles north of Vancouver. McVey was a target of Operation Exodus, an effort to stop sales of Western high-tech goods to the Eastern bloc...
...street, in a Shi'ite district of southern Beirut, Glass immediately sought help. At an all-night bakery he claimed to be a Canadian of Lebanese origin who needed a doctor for his sick daughter. To have told the bakery patrons the truth, he feared, would have frightened them and perhaps even led to his recapture. But a passing motorist quickly gave him a lift to the Summerland, two miles away. The Syrians then took him to Damascus, and a day later he was home in London with his wife and five children...
...through the rest of the Empire State last week. As the result of a wide-ranging FBI sting operation, 44 current and former municipal officials and twelve private contractors were charged with accepting bribes and graft in 40 towns from Great Neck on Long Island to Malone near the Canadian border. Ten officials in New Jersey were also indicted...