Word: forme
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Dates: during 1970-1979
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Nader told about 1300 people in a speech sponsored by the Ford Hall Forum at Northeastern University that consumers should form their own energy policy...
...said citizens should form the American Energy Corporation to break up the oil companies' monopoly. "Congress is the best thing money can buy," he said. "The oil companies can blackmail the people in power, so we have to establish the consumers' sovereignty...
...relending to borrowers in the U.S. be set aside and not loaned to anyone. Known generally as Eurodollars, these expatriate greenbacks have accumulated as U.S. payments deficits, starting in the 1960s; lately they have been increasing dramatically as a result of the rising cost of imported oil. Today they form a $600 billion money mountain in Europe as well as in the Caribbean and other offshore tax havens, where they have escaped the control of the Federal Reserve. In the past, when the Fed tried to curb the pace of business?and inflation?by limiting the supply of money, banks...
...billion in loans outstanding to Peru and other oil-poor developing countries. Consumers in the '20s had just discovered the installment plan and were plunging into debt to buy radios, refrigerators and that new Model A from Henry Ford. Their grandchildren now have "plastic money" in the form of credit cards and owe $292.5 billion. The '20s real estate boom was centered in Florida, had created millionaires and seemed to prove, then as now, that one rarely loses money buying land. Even President Carter's insistence last week that the U.S. had a "good solid economy" stirred...
...horror: a famine. At least 2 million people are believed to be on the verge of death by starvation or disease. Many have been reduced to eating the leaves off trees, peeling the bark and boiling it, digging for tubers and roots. Malaria is commonplace, as is a severe form of bleeding dysentery. Several French doctors who visited the country believe an outbreak of bubonic plague may be imminent...