Word: nationalizes
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Dates: during 1970-1979
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...nation's energy binge has gone on without significant letup. Token fuel-saving gestures have been widespread, and it may be that most Americans have actually turned back the thermostat a notch now and then or switched off a needless light. Still, through last summer America had managed to use and import more fuel by far than ever before...
...largest and most complex corporate lawsuits ever filed in an American court-a $2 billion-plus action by a New Mexico uranium mining company, United Nuclear Corp., against General Atomic Co., a 50%-owned subsidiary of Gulf Oil Corp., for fraud, coercion and breaches of the nation's antitrust laws...
...cartel's operations are being probed in other courtrooms too. In Richmond, Va., federal court, 15 of the nation's largest electric utilities are suing Westinghouse Electric, the nation's largest supplier of uranium to private industry. They seek to compel Westinghouse to honor contracts to deliver 65 million Ibs. of uranium at an average price of $10 per Ib. Doing so could cost Westinghouse as much as $2.6 billion. To avoid that loss, Westinghouse is using the same argument as United Nuclear, that it was victimized by the cartel. Meanwhile, Westinghouse has filed its own suit...
Whatever the courts rule, the cartel's shenanigans are certain to refuel congressional demands that the nation's oil companies divest themselves of their nonpetroleum activities. At the least, the trials will give yet more ammunition to oil-industry critics who charge that some of the world's largest and most powerful corporations think they have become a law unto themselves...
...apparent exception is pornography. Though adult entertainment areas have spread from Times Square and Hollywood Boulevard to even small towns across the nation, people dislike them. Fully 64% said that pornographic movies are morally wrong, and 59% said the same for advertisements promoting X-rated films. No less than 74% supported the view that "the Government should crack down more on pornography in movies, books and nightclubs." Of these 54% said they felt this strongly. When a similar question was asked in 1974, only 42% favored a Government crackdown...