Word: nationalizes
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Dates: during 1970-1979
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...English preserve their monarchy -an expensive anachronism-as a symbol of their past glory. A nation that can adopt the idea of inherent inequality, a premise upon which monarchy is based, can also adopt the idea of its own superiority in the family of nations...
...your piece on drinking in Japan [May 22]: A country that spends more money on alcohol than on weapons is at least a peace-loving nation. And the day may come when those sake-nipping Nipponese workers work less hard and export fewer cars, television sets and steel to the U.S., thus curing the most serious areas of trade imbalance between the U.S. and Japan...
...flat chirps and an occasional deep commanding harrumph, the glistening silver serpent curls through a land its ancestors helped define. It may not inhabit the terrain much longer. Like the Furbish lousewort and the snail darter, the Southern Crescent is an endangered species. The aging Crescent is the nation's last lavish, privately run, long-haul passenger train. But its owner, the highly profitable and efficient Southern Railway System, claims to have lost $6.7 million last year on the Crescent's Washington-New Orleans...
Rising taxes are a burning concern all over the U.S. In California, they are nothing less than an obsession, and small wonder. Already saddled with one of the highest state income taxes in the nation, many Californians were hit last week with new assessments on their homes that could send real estate taxes soaring by more than 100% in many cases and in some instances by an incredible 1,000% or more. The dizzying increases will mean a drastically reduced standard of living for most property owners; many will be forced to sell out and move elsewhere...
...showdown over the fiery issue approaches, some grim facts account for its support. Californians already endure one of the nation's highest state sales taxes: 6%. Because the stiff state income tax is withheld, it is relatively painless. But property taxes must be paid in a lump sum twice a year-and this hurts. Moreover, since 1971, property has been taxed at rates ranging from 3% to 3.5% of real market value, and that value has been soaring; many homes have tripled or quadrupled in value in the past five years. Homeowners' incomes have not nearly kept pace...