Word: nationalizes
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Dates: during 1970-1979
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After 14 months in office and some brickbats from Western farmers who resent his role in the cancellation of several water projects, Andrus is fully aware of his responsibilities. He recognizes that some of the nation's public lands must be mined, logged, grazed or otherwise used to meet the needs of the U.S. economy...
...dizzy growth of the deficit must be reversed because it condemns the U.S. to unending inflation, sapping not only the nation's economic vitality but even the strength of its political institutions. When the Government spends beyond its means, the Federal Reserve Board confronts a cruel choice. If it prints more money to accommodate the Government's heavy borrowing, it feeds inflation. If the board refuses to print the money, it risks creating a recession, because the Government sops up so much credit that little is left for private borrowers...
...federal "entitlements" program, introduced after the jarring rise in OPEC prices, was designed to average out the prices that all refineries around the nation paid for oil; that way, refineries (and voters) in the East would not suffer much higher oil prices because of their larger dependency on imports. In practice, refiners in California can buy local oil at roughly $4 a bbl., but they have to send between $4 and $8 a bbl. into a federal pool, which Eastern refiners draw on to buy expensive OPEC oil. Consequently, refineries have to pay about the same for California...
...that the best energy source on earth may not be on earth at all but 93 million miles above it." At last week's rallies, they castigated the Carter Administration for not spending more money on solar energy. The sun now seems an unlikely answer to all the nation's energy problems, at least in the immediate future. But the President's Council on Environmental Quality claims that the sun could theoretically provide 25% of U.S. energy needs by the year...
Some of the nation's festivities attempted to demonstrate practical applications of the sun's luminous powers. Two dozen students from the University of Miami strung five miles of clothesline along the causeway to Key Biscayne and hung up clothes to dry in the sun. Actor Eddie Albert arrived at Detroit's Cadillac Square in a car powered by gascohol, a mixture of gasoline and alcohol, which can be made from any plants that grow...