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Dates: during 1970-1979
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...Easy Rider (1969) and in the freer, more personal films that flowed from its success, Nicholson became a kind of figurehead for a loose group of actors and film makers who were trying to expand the commercial genre. Nicholson, Actors Peter Fonda and Dennis Hopper, Writer-Directors Bob Rafelson, Monte Hellman, Carol and Charles Eastman-none of them then well known-all cheered and boosted each other. Their work was almost always full of aggressive invention (Rafelson's Five Easy Pieces, Hopper's The Last Movie, Nicholson's own Drive, He Said), but the new Hollywood passed...
...Soviet agriculture in order to keep prices steady despite regular rises in production costs, caused by inefficient use of workers and machines. The subsidies chew up capital that would otherwise be invested in new plant and equipment and contribute to the persistent inability of Communist economies to expand fast enough to meet demands of consumers...
...this year as Governor of Florida. The keynote speaker at the 1972 Democratic National Convention, ex-Paratrooper Askew had served in both houses of Florida's legislature before becoming Governor in 1970. He has achieved significant tax reforms while working actively to improve prison, judicial and election systems, expand consumer and environmental protection, and broaden programs for Florida's elderly. Askew is on practically everybody's list as a vice-presidential possibility...
Beyond its picaresque aspects and the individual investors' losses, the Home-Stake affair has broader implications. Officials of the Securities and Exchange Commission worry that such glittery schemes are siphoning away investment capital needed badly by legitimate businesses to expand or modernize their enterprises. Late last week the SEC issued an unusual public warning to investors not to fall for "get-rich-quick schemes, promising spectacular returns without any basis of fact." It came too late, of course, for the people who invested in Home-Stake...
...bank was soon authorized by Congress to grant credits to other countries so that they could buy more U.S. goods and services. By using its $20 billion lending authority to extend credit to countries and companies on which commercial banks would not take a risk, Ex-lm has helped expand U.S. exports. It facilitated a record $10.5 billion sales last year and continued as a rare moneymaker among federal agencies. In fiscal 1973 it collected $140 million in interest and paid its 23rd consecutive dividend, of $50 million, to the Treasury. Yet now this unobtrusive institution has come under...