Word: nationalizes
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Dates: during 1970-1979
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...cream sellers made up for a lot of their losses suffered during the blackout. Said one good-humored vendor "Now this is an act of God." Less than five months after the worst winter in memory finally relaxed its strangle hold the eastern two-thirds of the nation was racked by a heat storm that harried citizens, strained power, drained water supplies and threatened crops...
...like these were endlessly repeated in New York City's black and Hispanic ghettos, as shocked and angry owners of some 2,000 stores counted their blackout losses and thought hard about sticking, or fleeing the battle zone. One of the worst hit was Fedco Foods Corp., the nation's largest black-owned retailer, which had eight supermarkets looted. By last week, six were back in operation, as were several other well-capitalized, chain-owned markets and high-volume discount stores. But hundreds of tiny shops-most of them mom-and-pop operations that barely scraped by even...
...Sutton. a black who is running in the Democratic primary for mayor: "If we go easy on the looters, we are obliterating the moral distinction between them and the vast majority of poor people who are law-abiding." As an alternative to prison, the New York Amsterdam News, the nation's largest secular black weekly (circ.: 67,000), suggested that the looters be given "a year of hard labor in the streets," rebuilding the stores they devastated...
...Americans really be persuaded that less is more? The nation's automakers, who for years emphatically argued precisely the opposite, are now betting heavily the answer is yes. With the start of the annual model changeover period, they have begun a massive retooling effort in which they will spend a record amount, some $2.5 billion, to bring about the broadest changes since Detroit sprouted tail fins in the 1950s. Now the industry's favorite new verb is "downsizing," and the products that will begin appearing in showrooms in about eight weeks will define what that means: cars that...
...manufacturers are pushing nearly every name plate they have into the field. Some, like the Oldsmobile Cutlass-the nation's most popular model this year-are not only being reduced in size and weight but also redesigned with boxy, hatchback-like profiles in order to retain interior passenger and cargo space. Oldsmobile will market the first mass-produced diesel models in U.S. auto history. Some lines will be scrapped altogether; Ford will drop its dated, slow-selling Comets and Mavericks and replace them with new compacts, the Fairmont and Zephyr, that will sport a lean European profile and rectangular...