Word: nationalizes
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Dates: during 1970-1979
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...turned a successful threeday, six-stop westward trip into a campaign to inspire grass roots support for his program. In Michigan, Iowa, Nebraska, Colorado and California, Carter seized every chance he could find to hammer home the point that nothing less than the economic and military security of the nation rested on the fate of his energy legislation. He also placed his own prestige on the line, declaring at one point: "I have equated the energy policy legislation with either success or failure of my first year in office as a leader of our country in domestic affairs." Despite specific...
...State Cyrus Vance could not suppress their laughter when their boss, appearing on TV's Meet the Press, stood a question on its head in order to insert a plug for Carter's energy program. Asked whether the President planned to visit Saudi Arabia during his nine-nation trip next month, Vance fairly pounced...
Attorney General Griffin Bell managed to shoehorn an energy pitch into a speech to the National Security Traders Association in Boca Raton, Fla. Speaking at the commissioning of the nuclear-powered aircraft carrier Dwight D. Eisenhower in Norfolk, Va., Defense Secretary Harold Brown found a way to deplore the fact that the nation "relies on overseas sources for half the oil we consume." On a swing through Los Angeles, San Francisco, Portland and Seattle, HEW Secretary Joseph Califano strayed from his talks on welfare problems to argue that the poor would suffer most if the Senate failed to approve Carter...
...President, the defeat may have come as a relief in disguise. His economic advisers had predicted that the bill -which would require that by 1982 at least 9.5% of the nation's imported oil be transported in U.S.-flag ships-would fuel inflation. Main reasons: since U.S. shipping lines pay higher wages and observe higher safety standards than foreign competitors, they cost up to 50% more to operate. Domestic tankers now carry only 4% of U.S. oil imports. If their share of the market were increased to 9.5%, it would mean more business for the U.S. shippers and more...
...Colombia was the aggrieved party. With American connivance, Colombian rebels "liberated" the isthmus from the Bogota government in 1903 and turned the rights to build the canal over to the U.S. Panama and its canal came to life together; without the canal, Panama could scarcely exist as a viable nation. Canal revenues account for some 25% of Panama's gross national product, 20% of its employment and almost 40% of its foreign exchange earnings. Thanks to the canal, Panamanians have one of the highest per capita incomes of any nation in Latin America: a still very modest...