Word: nationalizes
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Dates: during 1970-1979
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Discourage Oil Imports. Impose a stiff federal tax on oil from abroad, enough to raise the price of gasoline to at least $1 per gal., which would still be much less than the price in any other industrial nation except Canada. Some of the money could be returned as tax credits to the poor and to people who need to use much gasoline in their work, including farmers. The rest of the funds could be used, to finance energy development at home. By restraining imports, the U.S. would slow the outflow of American capital to the OPEC cartel and would...
...favorable trends are in motion. Every poll shows the electorate moving closer to the political center. Voters are choosing candidates who advocate a sensible balance of moderate regulation and job-creating economic development. Taxes on capital and corporations are coming down, as well as taxes on individuals. In a nation of perpetual, peaceful revolution, the people are in revolt against high spending, heavy deficits and overreaching Government control...
...challenge them to accept some measures that might reduce special privileges for narrow-interest groups in order to enhance growth for the broad majority. If the U.S. continues to reverse some of the debilitating trends of the 1970s, then the 1980s could well become a brilliant decade for a nation that still has so many unmet needs-and so much potential for fulfilling them...
Moreton Binn, 42, president of Atwood Richards, the nation's largest bartering firm, New York City. Binn is 32nd on a list of top-money-winning horse owners, and he puts much of his money into a 172-acre farm where he raises thoroughbreds. That is a costly business; prices for a good mare start at $25,000. So Binn advises smaller investors to get into breeding "on a partnership basis only...
...consumption of the fuel has remained stagnant. Coal today supplies about 18% of U.S. energy needs, an increase of less than 1% since 1973, the year of the Arab oil embargo. Meanwhile, mines have closed, expansion plans have been shelved and by industry estimates, up to 10% of the nation's more than 200,000 miners have been laid...