Word: lande
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Dates: during 1970-1979
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...site borders on Zambia and Tanzania, and is only a few hundred kilometers from Angola--a fact that has made these independent countries understandably nervous. But rocket-testing, even on the huge scale envisioned, will bring no prosperity to most of the inhabitants of Shaba. Pushed off the better land by Europeans and Mobutu's cronies, with no industrial jobs available, they continue to live in poverty, while Mobutu invests in personal jets and Olympic-size arenas where Muhammed Ali can box for the T.V. cameras...
Newspapers and magazines in Europe bulge with ads for investment opportunities in American land and buildings. Says Jack Shaffer, a senior vice president of New York City's Sonnenblick-Goldman Corp., mortgage bankers: "Many of the foreigners who invest in U.S. real estate are the wealthiest people and richest institutions. They don't want to get rich. They are rich. They just don't want to get poor...
...most vocal complaints come from farmers, who have a visceral attachment to the land. They are torn by conflicting feelings about foreigners who offer premium prices for their acreage. Farmers often sell out, only to wind up leasing the property back from the new, absentee owners and working for them as tenant farmers. When farm children grow up, they must sometimes seek other occupations, because land prices are so high that they cannot afford the life their parents led. Complains Vernon Conrad, vice president of California's Fresno County farm bureau: "Buying by outsiders is taking away the family...
...foreign funds are scared money fleeing political and economic uncertainties, or entrepreneurial investments seeking opportunities for profit. An open-door welcome for all is the least that can be expected from the world's principal champion of free-market capitalism. For all its problems, the U.S. remains a land where foreigners by the millions still see immense potential, plentiful resources, an unshakable faith in the sanctity of private property, and a trust in the rewards of initiative. Now that they are able to afford it, there is nothing that should stop them from trying to invest in-and enhance...
This is the homestretch of the silly season, when state legislatures across the land seem to vie for the imaginary Golden Nit. There is nothing imaginary, though, about the time, effort and deliberation they customarily devote to the trivial, the insignificant, the utterly negligible. Nebraska's legislature, for example, has just dealt with a bill to add, as consumer representatives, two corpses to the state anatomical board: that passes for humor in Lincoln. Rhode Island's senators breezily adopted a resolution praising the hairdo of a female legislator, but the house turned aside a proposal to decree ricotta...