Word: mined
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Dates: during 1970-1979
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...lesser degree, the Soviets have made a similar point with Denmark, whose NATO task in any conflict would be to mine the exit from the Baltic-a move that would require approval from the Danish Parliament. The Soviets now regard the Baltic as virtually a Cornmunist sea. On a "goodwill" call in Copenhagen last August, Soviet Vice Admiral L.V. Mizhin, deputy commander of the Soviet Baltic fleet, pointedly complained that an American cruiser had shown up in the Baltic Sea, and that West Germany had intensified its naval exercises there. The Soviets are on the verge of achieving their most...
This new policy left military bases surrounding China on South Korea, Japan, Quemoy-Matsu, and Taiwan. American theoreticians led by John Foster Dulles (and lauded by Congressman Richard Nixon) calculated that the spread of communism had to be stopped from reaching South East Asia, gold mine for new international markets and cheap labor. Without hesitation, America stepped up its support of the French war in Indo-China and took over the load in 1954. Later in the 60's, Secretary of State Dean Rusk staunchly supported this dual policy of containment of China and "protection of American interests...
...Last week Allende announced that Chile will deduct $774 million in "excess profits" from the compensation due to Anaconda and Kennecott (Cerro's mine began production only last year). In effect, that means that the two companies will receive not a penny for their properties. The $774 million figure was arrived at through a complex formula. The Allende administration estimated each company's average worldwide copper profits over the past 15 years as a percentage of its book value and came up with a figure of 10%. Any profits from the company's Chilean operation that exceeded...
...Kennecott President Frank Milliken, whose firm has been a particularly good corporate citizen in Chile. Said Anaconda President John Place: "Allende's accounting theory is nothing more than a thin pretext for confiscation. He's now contrived to grab the world's biggest open-pit copper mine [Anaconda's Chuquicamata], plus a second major underground mine, and not pay a dime...
...Died. Roy W. Moore, 80, who built the Canada Dry Corporation into one of the world's largest manufacturers of beverages; in Bridgeport, Conn. "The president of Canada Dry told a friend of mine he was looking for a man to replace him in time," recalled Moore, "but this man had to have three things: engineering, law and business training. Well, there I was with all three, yes-sir-ree-bob!" After taking charge of the modest firm in 1935, Moore revamped its stagnant sales and distribution operations, licensed independent bottlers abroad, and went beyond the company...