Word: nationalized
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Dates: during 1970-1979
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...damn fool enough to think I know anything about the Middle East." Thus, with a typically guileful display of candor, Robert S. Strauss, 60, assessed his qualifications for the diplomatic assignment passed on to him last week by Jimmy Carter: to be the nation's superambassador for the second stage of Middle East peace negotiations, which begin in 3½ weeks...
Thanks to the substantial two-year delay in furnishing the reactor and its uranium, Giscard expects that by the new delivery date his nation's scientists will have perfected a nuclear fuel called "caramel," composed of 7%-enriched uranium that is unsuitable for making bombs. End result: lucrative contract is saved, international reputation is salvaged, Iraqis are appeased, if not pleased...
...black-and-blue silks of Harry Meyerhoff's Hawksworth Farm. "Black and blue," says Meyerhoff, a retired Baltimore real estate developer, "is what happens to horse owners." More accurately, black and blue is what happens to Spectacular Bid's opponents. Winner of the Eclipse Award as the nation's best two-year-old colt last year, the horse has rolled up five straight victories this spring, running away from all challengers in the East. All together, Spectacular Bid has been victorious in ten out of twelve starts. In the latest win, last week's seven-length...
Only last year did Franklin ride his first race. (He won.) The 5-ft. 106-lb. jockey came home a winner 262 times in 1978 and received his own Eclipse Award as the nation's top apprentice jockey. Yet Franklin's handling of Spectacular Bid has sometimes been amateurish. In two races he has allowed the horse to be boxed in at the rail, then failed to take advantage of an opening. On one of those occasions, the Florida Derby, Franklin rode Spectacular Bid into so many roadblocks that the colt had to come from 14 lengths behind...
...petroleum profligacy. Annual growth in demand subsided from 5% as recently as 1977 to 2% last year. But nearly all the improvement has come from conservation by industry, while individuals blithely go along wasting fuel. Not only has demand for gasoline, which accounts for one-third of the nation's fuel bill, continued to grow fast, but U.S. dependence on foreign oil has increased by nearly 50% since the 1973-74 Arab oil embargo, and this year will reach some $50 billion...