Word: larger
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Dates: during 1970-1979
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...case of the old dictator's best vodka, Truman gave it away, wondering about any man who would drink the stuff over bourbon. Truman watched with fascination as Secretary of State Dean Acheson verbally diminished Secretary of Defense Louis Johnson, who had the idea he should be a larger figure around the White House...
...fact, though hardly new, the chirp and bleat of parochial pride is more blatant than ever. The simple reason: these days the old hooray for the home team gets amplified by all the techniques typical of the age of hype. Localities and larger principalities routinely hire professional publicists and jingle writers to puff up the old image and help sell it like so much soda pop. Provincial self-glorification is both nourished and exported in a growing number of slick regional and city magazines. Moreover, metropolises and counties now go to exorbitant lengths to build spectacular sports arenas, convention centers...
...nation miffed by this breathtaking insult to its capital? No, because the larger truth is that self-admiring localism is as American as pumpkin pie. The U.S. got stitched together out of a sprawling fuss of self-contained colonies whose fierce attachment to their little domains provided one of the knottiest obstacles to union. Later, ferocious regionalism helped contrive the nation's definitive crisis, the Civil War. After poking around in every cranny of modern America, Journalist John Gunther concluded a generation ago that for all its dazzling communications the U.S. was "enormously provincial...
Some members are beginning to take price-boosting actions on their own. Last week Nigeria announced plans for a 10% cutback in the production of its much prized low-sulfur crude, Algeria threatened an even larger 20% cut of its own, and Kuwait indicated that it intended to reduce output by as much as 25% early next year...
...have special needs, Levitt argues. Government regulations are an especially heavy burden on them. By Levitt's reckoning, the cost of complying with environmental, safety and other rules comes to $32 per $100,000 of sales for companies with less than $100 million in revenues, vs. $4 for larger corporations. Because small companies are not as well known and therefore need to broaden their shareholder base and increase ownership of their stock, they prefer cuts in capital gains taxes rather than the increased depreciation allowances advocated by big companies. Says Levitt: "Our kinds of companies don't have...