Word: nationalizes
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Dates: during 1970-1979
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...Constitution. President Washington chose to limit the use of military power when, after dispatching troops to quell the Whisky Rebellion of 1794, he ordered all insurgents to be turned over to civil rather than military courts for trial. But during the Civil War, as he struggled to hold the nation together, President Lincoln introduced preventive detention and military justice for thousands who opposed the war, including hundreds arrested in the bloody Draft Riots in New York City and elsewhere. This amounted to an imposition of martial law. In a landmark judgment, Chief Justice Roger Taney threw out the case...
...Reserve Board Chairman G. William Miller, White House Economics Adviser Charles Schultze, Senate Finance Committee Chairman Russell Long, Senator Edward Kennedy, House Ways and Means Chairman Al Ullman, and Conable. What emerged, among other things, was a surprisingly broad consensus that tax policy, both as a mirror of the nation's goals and as a tool to help achieve them, is moving-and must continue to move-in a new direction...
...underproductive, inflation-riddled U.S. economy breathe more freely and create more profits, capital and jobs. That sentiment was fully reflected at the Time Inc. conference. Sounding what might well have been the keynote of the proceedings, liberal Democrat Ullman declared that in its approach to taxation the nation is undergoing "a turn-around of major magnitude." After a decade in which tax policy was tilted toward achieving various social goals, Ullman observed, the federal taxing powers are about to be shifted to a new priority. Said he: "We are moving toward economically oriented taxation related to growth and capital formation...
California's celebrated Proposition 13 has become a puzzler for the rest of the nation. Some observers see it as part of a conservative backlash against the welfare state. President Carter says it vindicates his populist view that ordinary folks are rising in wrath against the well-to-do and their three-martini lunches. At the Time Inc. tax conference, Public Opinion Analyst Daniel Yankelovich, who conducts regular surveys for TIME, offered his findings...
That would be too few. According to conservative predictions, the nation's need for electricity will more than double by that time. Where will the country get the energy to satisfy the need? And do it at a price that will keep its industries competitive with those of other nuclear countries...