Word: nationalized
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Dates: during 1980-1989
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...opening of the borders to the West, for example, permitted a torrential outflow of East German marks, carried out by citizens who at last could use them, even at absurdly low rates, to buy something -- in the West. Fretted Prime Minister Modrow: "East Germany must not become a nation of speculators." The government's bewilderment underlined the problems encountered by a Communist leadership, albeit a reform-minded one, in coming face to face with the complexities of capitalism. Within a matter of days, the East German currency -- officially at parity with the deutsche mark -- fell to one-twentieth...
...nation's foremost opponent of environmental neglect and genetic engineering is waving a $20 bill as he makes a bet. The scene happens to be a meeting of the Humane Society in Houston, but the wager, which is part of his script, could just as easily be offered to a gathering of born-again environmentalists in Aspen, Colo.; at the Los Angeles home of TV producer Norman Lear; or on a college campus. Jeremy Rifkin bets that no one can answer this question: "What value has emerged in the past 100 years as our most dominant value, a value that...
...dozens of students remained in the gymnasium to form an environmental action group. Leaving the hall, Rifkin looked back over his shoulder and said to a companion that these were the children of the antiwar generation. If they do eventually become Rifkin's political heirs, some would argue, the nation might benefit if they could deliver their messages with a bit more intellectual light, and maybe with a touch less partisan heat...
...NATION: The White House applies a litmus test...
Gorbachev's time may be running out. Western economists believe, contrary to official Soviet statistics purporting to show growth, that the economy is actually shrinking. What can the West do to help? Industrial nations can offer advice and much needed economic expertise, but massive financial aid would be ill advised and probably not what the Soviets want in any case. Abalkin has already mentioned that the Soviets would like to be given the trading status of most favored nation, along with more freedom to import high-technology goods. But by and large, Soviet economists understand that they have to solve...