Word: fording
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Dates: during 1970-1979
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...Sideshow: Kissinger, Nixon and the Destruction of Cambodia, Shawcross does not minimize the difficulties that confronted the Nixon and Ford Administrations in Indochina. But he sharply criticizes the U.S. view that Cambodia was a minor adjunct to the Viet Nam War and that the strategy of the larger war justified spreading the fighting into a neutral land. President Nixon expressed that view when he said in December of 1970: "The Cambodians . . . are tying down 40,000 North Vietnamese regulars. If those North Vietnamese weren't in Cambodia, they'd be over [in Viet Nam] killing Americans...
BORN. To Michael Ford, 29, eldest son of the former President and a campus minister at Carnegie-Mellon University, and his wife Gayle, 27; a daughter, Gerald and Betty Ford's first grandchild; in Pittsburgh. Name: Sarah Joyce...
...worst offender is the so-called entitlements program. It was set up under Gerald Ford in 1974 to equalize the burdens of surging import prices between refineries that depend on expensive foreign oil and those with supplies of low-cost domestic petroleum. The complex program works this way: for every barrel of domestic crude that a refinery processes, the company must make a payment into an entitlement pool. The payment raises the price of each barrel of domestic oil halfway up to the cost of more expensive OPEC crude. At the same time, any refinery that imports costlier OPEC crude...
...high cost of living would almost prevent a long walkout. Said he: "We can no longer strike over 50 for weeks on end." But if there is a strike, which company would be the target? Union representatives believe that Chrysler is too weak financially to weather a major stoppage. Ford was the target of the last strike, which lasted 28 days in 1976. So it might be General Motors' turn to take the heat...
...Steven J. Ross. Alan Ladd Jr., the dollar scion of a departed Hollywood heman, collected $1.9 million last year as president of the 20th Century-Fox movie division, mostly in the form of a bonus for having had the shrewd sense (or good luck) to make Star Wars. Ford Motor had three men in seven figures: President Philip Caldwell, Executive Vice President J. Edward Lundy and, of course, Chairman Henry the Deuce himself...