Word: nationalizes
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Dates: during 1970-1979
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...barnacles, many questionable spending programs weigh down the federal budget. Successive Administrations have tried to zap the most outmoded and ineffective of these programs, only to have Congress restore them to please special-interest groups. But this year, the Office of Management and Budget thinks, the mood in the nation is strong enough to cut or eliminate the least useful of these projects...
...congressional districts are now eligible for the subsidy; any school district can collect if only a few federal civilian or military workers live there. Last fiscal year the program covered 2.4 million children and cost $799 million. Some of the biggest beneficiaries are among the richest districts in the nation. OMB recommends that funding be reduced to $619.5 million...
...BETTER AT A & P, insists the latest ad slogan of the not-so-Great Atlantic & Pacific Tea Co., whose $7.2 billion in sales make it the nation's third largest supermarket chain (after Safeway and Kroger). Last week one of West Germany's largest food retailers unexpectedly took the 120-year-old company at its word. The private Tengelmann Group made a friendly deal to pay $78.5 million to four holders of A & P stock, including heirs of the founding Hartford family,* for their 42% controlling interest in the ailing giant...
...Reza Pahlavi, taking a long, perhaps last look at the capital of his realm. For years he had lived under the illusion that he was a monarch beloved by his 34 million subjects; for years he had harbored the conviction that his leadership was bringing all the benefits of national wealth and well-being to a backward nation. In the end, it had come to this: he departed hated, vilified, denounced. After 37 years on the Peacock Throne, he had been ignominiously driven out of Iran. The public face he put upon it was that he was simply taking...
...official positions of power seemed to be relieved and, in fact, often delighted. Employees at the Iranian embassy in Washington issued a statement accusing Iran's ambassador to the U.S., Ardeshir Zahedi, the Shah's closest adviser, of "conspiring against the interests and will of the Iranian nation," and vowed not to work until he was removed. A similar revolt took place at Iran's United Nations mission in New York City, where diplomats closed down their offices as a "token of solidarity with the Iranian people...