Word: carterized
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Dates: during 1970-1979
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...most extravagant Christmas gift a bountiful Uncle Sam has ever given a U.S. company. Just before recessing for the holidays, Congress last week agreed to extend an extraordinary $1.5 billion loan guarantee to the ailing Chrysler Corp. and sent the measure to the White House for Jimmy Carter's signature. The gigantic bailout, dwarfing the $250 million Lockheed loan guarantee of 1971, is designed to save from bankruptcy the nation's third largest automaker and tenth ranking manufacturer (1978 sales: $13.6 billion). With Chrysler's losses mounting daily, its 1979 deficit is almost sure to exceed...
...Carter doesn't know how ridiculous he sounds when he threatens us," jeered Iran's tempestuous Ayatullah Ruhollah Khomeini. "The noises he makes are similar to those of a frightened lion, who does three things: he roars in the hope of frightening off his challenger, he makes rude noises because fear causes his muscles to contract, and he sways his tail in hopes of finding a mediator...
...prove dangerous for anyone confronting a lion to conclude that the animal is frightened. But given the Iranian taste for hyperbolic rhetoric, there was a certain truth in Khomeini's metaphor. Jimmy Carter, frustrated by the failure of his economic pressures to win the release of the 50 American hostages, let it be known that he was seriously considering a naval blockade. Before it comes to that, however, he is formally asking the United Nations Security Council this week to impose some form of economic sanctions on Iran-a step that has been taken only once before, against Rhodesia...
...Carter did not disclose just what sanctions the U.S. would request. But aides said they will probably include a partial trade embargo, exempting Iranian imports of food and Pharmaceuticals and exports of oil. Carter had no advance word from Moscow, aides said, whether the Soviets would go along with sanctions or block them with a veto...
...Washington, the Carter Administration seemed to despair of reconciling the conflicting messages from Tehran about the hostages. Said State Department Spokesman Hodding Carter III: "There are signs that come and signs that go. Interpretation of them is subject to change almost on an hourly basis...