Word: nationalizes
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Dates: during 1970-1979
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...most immediate progress came on noneconomic issues. Japanese Premier Takeo Fukuda popped a surprise idea for an agreement among the Seven that would sever airline traffic with any nation encouraging or harboring terrorist hijackers. The proposal passed unanimously...
...make that difficult. On the other hand, oil imports in this year's first half declined to 7.8 million bbl. a day-almost a 13% drop from the same period in 1977 -because conservation is working, and oil is arriving from Alaska. Carter also promised to counter the nation's double-digit inflation...
Canada's Trudeau vowed to achieve a 5% growth rate for his nation, but almost no one in Canada took him seriously. At present Canada's growth rate is so low (2.8%), inflation so high (9%) and unemployment so troublesome (8.6%) that Trudeau, with a current budget deficit of $11.5 billion, is boxed in from taking any strong economic initiatives...
...present policy of expanding output by a modest 1 % while keeping up the fight against inflation, now down to 7.4% from 27% four years ago. President Valéry Giscard d'Estaing promised to pep up the French economy a bit by more government spending, doubling the nation's deficit to $4.4 billion this year...
...with Ford's proud independence, "My name is on the building." Right in his backyard, in two gray stone structures that are 100 paces from his white frame house, Heitz, Wife Alice, Son David and four hired hands make a product that is sold in half the nation's states. He is chief executive of Heitz Wine Cellars, which means that he is also vintner, bacteriologist, accountant, marketing manager and occasional lawn mower...