Word: nationalizes
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Dates: during 1970-1979
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...former president of the American Chamber of Commerce in Santo Domingo, as head of the Central Bank; and Ramón Báez Romano, 49, a onetime Gulf & Western executive, as Industry and Commerce Secretary. Those appointments indicated that Guzmán is determined to improve his nation's economy. He was intent on improving the military as well. After the inauguration, the new President kept Vance and Young waiting while he purged the top level of the armed forces. Ousting most of the Balaguer partisans, Guzmán swore in a new set of military chiefs, none...
...nation with an all but obsessive concern about self-improvement, one institution so far has remained relatively impervious to change: the bureaucracy. Otto von Bismarck inaugurated the German civil service in 1871, an innovation that many of his countrymen now regard as the Iron Chancellor's least admirable accomplishment. There is hardly a German who has not been humiliated at one time or another by the uniquely imperious attitude of public employees-a maddening amalgam of officiousness, condescension and cantankerousness. A recent West German telephone poll, for example, showed that 62% of the callers were "very critical" of their...
...judgment," sighed one attorney, "was easy compared with the complications of this case." True enough. Solomon, after all, had to decide the rightful mother of only one baby in the biblical dispute between the two harlots. Last week, after two months of tearful, rending drama that riveted their entire nation, Israeli officials settled an even more tangled baby case...
...gold ever mined (some 80,000 tons) is still around, most of it is either locked away in vaults of central banks or stashed in private hoards. Buyers essentially must bid against each other to purchase newly mined gold-and production in South Africa, the leading mining nation, fell to 700 tons last year, 30% less than in 1970. Moreover, makers of jewelry and industrial products are expected to snap up about 70% of what new gold does become available this year, leaving still less for the goldbugs to fight over...
...South Africa, the rise in price has more than made up for the drop in output. One bank estimates that at an average price of only $190 an ounce in 1978, the nation's export earnings would climb $1 billion over last year, to $4.2 billion. The Soviet Union is the No. 2 gold miner, and last year its Wozchod Bank sold 401 tons at an average price of $150 an ounce, earning a tidy $2 billion. This year Wozchod expects to sell another 400 tons, at much higher profit...