Word: foundings
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Dates: during 1970-1979
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...forward movement. When Democratic Representative Bill Moorhead of Pennsylvania introduced a bill last January to produce 500,000 bbl. a day in synthetic fuels by 1985, he won little support; but when the gas lines began to form, as Moorhead put it, they "ignited the bill." Almost overnight, he found he had 170 cosponsors, including many Republicans...
Because nearly 40% of all oil used in the nation goes for gasoline, the first and most important step is to brake gasoline demand. Rationing would seem to be the politically expedient method. A New York Times-CBS News poll in early June found that three out of five Americans would prefer rationing to shortages and skyrocketing prices. Yet any form of rationing would tend to be inequitable and a bureaucratic nightmare. Even during World War II, when the U.S. was united as never before or since, gasoline rationing was marked by corruption, favoritism and loopholes. Today, rationing would...
...biggest problem is a stopgap one: to rescue the boat people immediately. A recently formed Tokyo-based group called Refugees International is urging the U.S. and other countries to provide emergency facilities, such as abandoned government bases, to be used for housing refugees temporarily until permanent homes can be found. Malaysia is asking the U.S. to supply processing centers. Malaysia hopes that Indonesia will provide the U.N. High Commissioner for Refugees with an island capable of receiving as many as 200,000 refugees as a processing center. The ASEAN members will ask Western nations to guarantee that any refugee placed...
When Newsweek staffers arrived at their desks one morning last week, they found a cryptic memo from Editor Edward Kosner summoning them to a 10:30 meeting at Top of the Week, the conference room on the 40th floor of the magazine's Manhattan headquarters. When they arrived, they were surprised to find Katharine Graham, chairman of the parent Washington Post Co. Recounted one writer: "People began to murmur, 'God, we're closing down ... We've been bought...
...year ago, Berkey Photo (1978 revenues: $199 million) won a major victory over giant Eastman Kodak ($7 billion) in one of the largest private antitrust suits in history. A federal district-court jury in Manhattan found that Kodak, which made more than 80% of the film sold in the U.S. in 1973, when the case was first brought, and garnered over 60% of camera sales, not only had monopoly power in the amateur-photography field but had used this power unfairly. Berkey was awarded treble damages of $87 million. Now, in an equally stunning reversal, the U.S. Second Circuit Court...