Word: nationalizes
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Dates: during 1970-1979
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Vance was on his way, through turbulent skies, to Dar es Salaam, in Tanzania, then to South Africa, then Rhodesia, then London, then Moscow. The twelve-day odyssey will add some 20,000 miles to the 160,000 that the Secretary has logged since he became the nation's chief diplomat 15 months ago?quite a bit of traveling (to 28 countries) for a man who once vowed to stay close to his office. But the problems that the U.S. now confronts in its relations with Africa, and with the Soviet Union, demand every bit of skill, intelligence, dedication...
...possible, actually, that Vance left the nation's most treacherous foreign affairs crisis behind him in Washington, where the Senate was scheduled to vote this week on the treaty transferring the Panama Canal to Panama by the year 2000. The prospective vote was so close?a related treaty passed last month by only one vote more than the required two-thirds?that a handful of borderline Senators suddenly acquired an extraordinary power to demand their own revisions in the treaty. A defeat in the Senate would be a stunning blow to U.S. prestige throughout Latin America; a hedged Senate vote...
...steadying Vance hand has probably been at its best in the Administration's policy on the Middle East?certainly the most intractable situation the U.S. is trying to influence. There, Vance's personal characteristics neatly fit the nation's role. Subdued, relatively inconspicuous, evenhanded, persistent, Vance symbolizes the U.S. as the patient mediator working to get the contending principals together. The issue has taken more of Vance's time than any other; he has visited the Middle East five times since taking office. Vance's gentle probing of the contending parties' feelings apparently helped inspire Egyptian President Anwar Sadat...
...Panamanian reaction was almost unanimously hostile. For the first time since Torrijos seized power in 1968, the nation's various factions were able to unite on an issue: they were all opposed to the reservation. Former Panamanian Foreign Minister Aquilino Boyd, who had negotiated the treaty with Henry Kissinger, denounced the reservation as "immoral because the strong once again are trying to wield excessive power over the weak." Said a U.S. official in Panama: "Idi Amin couldn't live with this reservation and survive." Aware that his leadership could be at stake, Torrijos complained: "Listening to DeConcini...
...exceptional handful did spectacularly well in 1977, even though their raises were not much. The nation's biggest executive earner was Henry Ford II, chairman of Ford Motor Co. Last week the company announced that his salary and bonus edged up 2%, to $992,000. In all, General Motors Chairman Thomas Murphy earned $975,000, an increase of 2.6% over the year before. Mobil Chairman Rawleigh Warner Jr. got $725,000, up 4% from 1976. (For some other high executive moneymakers, see listing...