Word: nationalizes
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Dates: during 1970-1979
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William Hyland, 49, senior fellow at the Georgetown Center for Strategic and International Studies. Before retiring from Government service in late 1977, Hyland had spent 23 years-at the CIA, National Security Council and State Department-focusing on U.S.-Soviet relations, becoming one of the nation's top experts on strategic arms talks...
When Israeli Premier Menachem Begin returned to Jerusalem at week's end following his grim mission to Washington, he found a nation that was visibly more troubled than the one he had left four days earlier. Israelis were despondent and nervous at the failure of the Begin-Carter talks, and uncertain what effect their Premier's intransigence might have had on the longstanding special relationship between their country...
...election's surprises was that the Union pour la Démocratie Française, a loose group of parties supporting Giscard, had polled a remarkable 6 million votes, only 1.1% less than Chirac's party, thereby breaking the Gaullists' five-year stranglehold on the National Assembly. As a result, Giscard, 51, emerged as both the master of present-day French politics and the architect of the nation's future-at least until his presidential term expires in 1981. Aptly summing up the situation, Paris' left-of-center newspaper Le Quotidien de Paris headlined GISCARD...
Identifying the nation's most pressing economic trouble is the indispensable first step toward combating it-but in Washington, there is no guarantee that Step 1 will be followed by a Step 2 of any consequence. The Carter Administration now clearly recognizes that accelerating inflation is the biggest menace facing the economy. Yet action against it is being held up by a split between the President's closest advisers. On the one side are his economic counselors, led by Treasury Secretary W. Michael Blumenthal, Chief Economic Adviser Charles Schultze and Federal Reserve Chairman William Miller. In the other...
...billion in the U.S. By last year's end, the number of overseas banks with U.S. operations had more than doubled and their assets more than tripled, to $76 billion, a rate of growth far in excess of the U.S. banking industry. In New York and California, the nation's major money centers, commercial and industrial loans by foreign banks are now about a third as great as those by large local banks. Most foreign banks dealing with the public still cluster in and around New York City, Los Angeles and Chicago, where they are allowed...