Word: nationalizes
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Dates: during 1970-1979
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Kennedy's formal announcement will open a major new chapter in the alternately tragic and triumphant saga of the nation's most eminent modern political dynasty. Americans have gone through the bright hopes of Camelot and the dark night of two Kennedy assassinations. They were both titillated and dismayed by the spectacular dramas of Jackie's widowhood and remarriage and by Mary Jo Kopechne's death at Chappaquiddick...
...Kennedy for several years has avoided the liberal label. It is a designation that has fallen on hard times since the demise of Lyndon Johnson's Great Society. Congressional liberals once took pride in supporting vigorous Government action to solve the nation's economic and social problems. But although most Americans still favor a high level of Government services, the increasing cost, waste and bureaucracy surrounding these services inspire many citizens to oppose Government operations that do not directly benefit them. Moreover, many of today's disputes have gone beyond the classic liberal-conservative debate. In a conflict between environmental...
...Asian nation and to resettle Cambodian refugees in Thailand...
Once again, the nation's energy debate deteriorated into a cacophony of angry charges, bitter recriminations and defensive denials. As irate Americans paid their first newly inflated heating bills, Exxon and other oil giants last week reported a new Spindletop of profits. For a people unshakably convinced that somebody must be ripping them off on energy prices, here was smoking-gun proof...
...specter of Big Oil wallowing in billions raised a number of policy issues that could change the structure of the nation's energy institutions. Talk rose in Washington of increasing the taxes that oilmen must pay, of putting limits on profits and keeping controls on prices, perhaps ultimately of breaking up the companies or moving toward partial nationalization. There was not much discussion that holding down profits might also reduce exploration and production, that holding down, prices would fire up demand for even more oil imports. At the same time, the U.S. may have to move toward more dependence...