Word: nationalizes
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Dates: during 1970-1979
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...coronation cost about $20 million, which was a bit much for a country whose annual gross domestic product (mostly from diamonds, cotton and timber) is only $250 million. Kenya's Sunday Nation wrote sarcastically about Bokassa's "clowning glory." Zambia's Daily Mail deplored the new Emperor's "obnoxious excesses." Bokassa was unfazed by such criticism, since he knows full well that others will end up paying for his little ceremony. The Emperor will accept aid money from anyone, and currently receives it from South Africa, China and the Soviet Union. The bulk of the largesse...
...Mike Royko puts it, broke into journalism as a copy boy for the old evening American (it died in 1974 as Chicago Today) and rose to become political editor before working in Washington for Hearst and Newsweek. He was a regular panelist on CBS's Face the Nation for nearly five years, then returned to his home town. After becoming WBBM-TV news director, he switched to the network's AM radio outlet in 1968. Snide and thunderous on the air, Madigan at home in his lakefront high-rise is a man of quiet humor, Irish-pol anecdotes...
...chefs and sauciers' apprentices of all ages have learned to prize and prepare subtle meals that challenge not only the credulity of the Jamestown ghost but also the credibility of that mythic Mom for whose apple pie, it was alleged, World War II was waged. For a nation that has traditionally doted on T-bone steaks, beer and ice cream, this is a social, economic and aesthetic development worth pondering. And it is no passing fancy...
...overall forecast is cheering, considering the fog of worry about the economy that has enveloped the nation in recent months. For all its progress in production, jobs, personal income (up around 11 %) and corporate profits (about 12% ahead of last year, after taxes), 1977 brought the economy a set of nagging headaches. Stock prices tumbled through the year; the Dow Jones industrial average is now about 19% below what it was at the close...
...surest way to redress the nation's lopsided trade balance and stabilize the dollar is to slow the flow of foreign oil into the U.S., which is the chief goal of the President's energy program. The complex energy bill is now before a House-Senate conference, and last week the conferees approved one of the key Administration-supported measures. The legislators tentatively accepted the "gas guzzler tax" in just about the form the President first presented it. Under this law, which would take effect next fall, cars delivering less than 15 m.p.g. will cost an extra...