Word: nationalizes
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Dates: during 1970-1979
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...host nation, the OAU summit offered a rare opportunity to star briefly on the world's political stage. Gabon-a onetime French colony of only 600,000 inhabitants that is richly endowed with oil, manganese and uranium deposits-put on a dazzling performance for its guests. Arriving delegates were met at Libreville's tiny airport by fleets of Mercedes, Cadillacs and Rolls-Royces and escorted to the conference center by siren-screaming motorcycles. Along the route, thousands of women -draped with cloths emblazoned with the portrait of President Bongo-sang and swayed rhythmically to native drums. Exclaimed...
...nation's homosexuals, still smarting from the successful anti-gay rights drive of Anita Bryant in Miami, the news of the California murders came at a bad time. The Bryant group had argued that many male homosexuals prey on the young-and indeed some of the California victims were teenagers. What was more, the press began rehashing the sex-thrill murders of 27 youths by three Texas homosexuals in 1973 -still the largest proved mass murder in America...
Will Congress ever get comfortable with economics? Despite their constitutional power over the nation's purse strings, the moguls on Capitol Hill have rarely been able to joust on an even footing with the White House when it came to arguing about the cost of specific programs or shaping the federal budget. When they tried-so they bitterly complained-they were almost always zapped by a barrage of expert-sounding figures prepared by professionals in the President's Office of Management and Budget. All that changed, or was supposed to, three years ago, when the legislators created their...
Often a company looking for a merger is in some sort of trouble, but both Beech and General Dynamics are in strong shape. With military sales accounting for 55% of General Dynamics' total revenues ($2.5 billion last year), the firm is the nation's largest defense contractor. With nearly a decade of squabbles with the Pentagon regarding cost overruns on the F-111 fighter now behind it, General Dynamics' current multi-billion-dollar contract to produce 500 hot, single-engine F-16 interceptors for four NATO countries and the U.S. promises to keep earning income...
...Profit Records. A Beech deal would open up a new field for General Dynamics' aerospace expertise. At Beech, which is the nation's second largest maker of light aircraft (after Cessna), the big moneymaker has been the twin-engine turboprop King Air executive craft; it is popular with corporate customers because, although slower than a jet, it is more fuel-efficient and cheaper to buy (price: $600,000 to $1.6 million, depending on equipment, v. up to $3 million for some jets). Until now, Beech has shied away from entering the executive-jet business. But some industry experts...