Word: nationalizes
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...Rockefeller has some advantages that may eventually come to his rescue. At the top of the list is a thriving state economy because of the coal boom. Personal income in West Virginia is rising at the eighth fastest rate in the nation. From 1970 to 1977 it doubled, increasing to $6,068 per capita. The Governor also has an ability to keep cool. He remains, to a large extent, the unassuming, engaging antipoverty worker who first came to West Virginia 14 years ago, a carpetbagger who chose to stay. His wife Sharon, 33, the daughter of Illinois Senator Charles Percy...
During the campaign, Carazo at tacked the ills that had accumulated during eight years of National Liberation rule, including proliferating bureaucracy, reckless government spending and creeping socialism. Another issue was outgoing President Daniel Oduber's connections with Robert L. Vesco, the expatriate U.S. financier who fled to Costa Rica in 1972 to avoid facing U.S. charges of embezzling $224 million from a Geneva-based mutual fund he controlled. Carazo vowed to have Vesco expelled "for the nation's health." But Carazo's victory mostly reflected the voters' concern about the danger of continuismo, the permanent entrenchment...
When France finally gave Algeria its independence in 1962 after an eight-year guerrilla struggle, Ahmed ben Bella, an exiled freedom fighter known to his countrymen as Aminedi (Invisible One), surfaced after almost six years in French jails and quickly assumed control of the new nation. Three years later he vanished again, deposed in a bloodless coup by his army chief, Houari Boumedienne...
THIS POVERTY CONTRASTS with the $500 million fortune of the Somoza family. Somoza owns more than one-fifth of Nicaragua's arable land and runs more than 40 companies. Between his family and his lieutenants, Somoza has managed to totally manipulate the political and economic affairs of the nation. Elections are fixed. Somoza's corruption infects the business community. Military people occupy high places in government, and government contracts mysteriously go to family business. The key to business success in Nicaragua, observes one Harvard Latin American expert, is a Somoza family connection, and businessmen who lack one are "banging their...
...mobs attacked was Citibank of New York. Lest our true allegiances be forgotten, we should note that the Harvard Business School awarded Somoza with an honorary degree. Furthermore, while beans, corn and other key foodstuffs are in short supply in Nicaragua, significant amounts of the arable land in the nation are owned by U.S. corporations and used for cultivating cash crops, such as coffee, cotton and bananas. Most importantly, America must not forget the conclusion that then Congressman Edward Koch of New York reached last summer after the approval of military aid to the regime: "If we support Somoza...