Word: europeanization
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Dates: during 1970-1979
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Exploiting the Arctic fields will cost billions of rubles, but the Soviets cannot afford to ignore them. Petroleum is the lifeblood of their economic plans and political schemes. Though Moscow has told its East European allies to look elsewhere for additional oil, it still supplies 80% of the area's needs, and wants to continue to do so. The dependency helps bind the otherwise restless Poles, Czechs, East Germans and Hungarians to the U.S.S.R. At home, some conservation measures have been introduced, but the Kremlin would be unwilling to risk the unrest that might come from drastic cutbacks...
...Corporations (DISC) program, under which companies can defer taxes on some of the profits they earn by exporting, or that it will end deferral of U.S. taxes on corporate profits earned and reinvested abroad. The legislators are against anything that might put U.S. businessmen at a disadvantage with their European and Japanese competitors. Says Republican Congressman Barber Conable of New York, a collector of Indian tomahawks who sounds as if he would like to swing one at Carter's reform proposals: "The President isn't going to win on either DISC or deferral." The President's proposal...
...called Tokyo Round talks have proceeded at a snail's pace-mostly as a result of U.S. preoccupation with Watergate, the Viet Nam pullout and the 1976 presidential elections. Last week the negotiations entered a new and decisive phase, when the U.S. followed Japan and the European Community in presenting its formal negotiating offer. Now that the Big Three have spoken, hard bargaining can begin, and participants have set themselves a July deadline for completion of the talks. Final written agreements would be signed by year...
...Paris subway system at the turn of the century, and now, with Empain as overseer, controls a French conglomerate comprising 150 companies with 130,000 employees and annual sales of $4.7 billion. The kidnap vehicles and the Peugeot were found abandoned. Was Empain the victim, in the current European terminology, of a kidnap à 1'italienne, engineered by professional criminals purely for ransom, or of a kidnap à l'allemande, pulled off by terrorists trying to force the release of jailed compatriots...
...expected, Yves Saint Laurent and Christian Dior's Marc Bohan shared center stage in presenting haute couture to the class of '78. Their message was wel come to those grown weary of gypsy dresses and the theatrical costuming that has flavored European fashion for the past three seasons. The feminine form is back, in clothes that are clean-lined, uncluttered, soft and supple. Today's couture, said Bohan, "is a return to simplicity...