Word: nationalizes
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Dates: during 1970-1979
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FRANCE government-run press, flopped badly in managing Zaïre's economy. Sinking millions into costly prestige projects when world copper prices peaked in early 1974, he led the nation to the edge of bankruptcy. Zaïre's copper travels 43 days from Shaba mines to Congo River ports on rickety Victorian-era railways and barges reminiscent of the African Queen. Swollen prices of bread, rice and other staples have led to widespread discontent...
...nation's 216 million people, nearly 1 million are descended from the Indian tribes that were sprinkled about the continent when the Europeans first came settling. The Indians, since the confrontation at Wounded Knee in 1890 that marked the end of their serious resistance to the white newcomers, have lived in relative peace amid the prevalent society. They are among the poorest of all national minorities, the most prone to illness, the least educated, the most resistant to assimilation into the mainstream of American life. They have been, as well, the least conspicuous and most docile of minorities-until...
...clear, after all, that the Indians have some valid claim on the national conscience. They deserve above all else a chance to reclaim the identity, dignity, pride and esteem that have too often been taken away from them. Indeed, the mood of the Indians suggests that the recovery of such intangibles is not a small item in their renaissance goals. In the land cases, the Indians' willingness to settle out of court, even with the law on their side, forces one to wonder whether the stunning size of the claims has not been intended mainly to arrest the attention...
Since Manuel F. Cohen left the post in 1969, the U.S. Securities and Exchange Commission has had no fewer than five chairmen, a measure of the job's toughness during a time of reform in the securities industry. Last week President Carter designated still another boss as the nation's securities watchdog: Harold M. Williams, 49, the brilliant dean of U.C.L.A.'S Graduate School of Management and former chairman of Norton Simon Inc., the consumer-products conglomerate. After his expected confirmation by the Senate, Williams will replace Roderick M. Hills, chairman since 1975, who had told Carter...
...Williams will still have to contend with some thorny issues. The most important is creation of a central market -which Congress mandated in 1975 without defining how the goal was to be achieved-that will somehow tie together all the nation's stock exchanges. One way to start would seem to be mergers of stock exchanges, and several are in the talking stage, but the SEC has not yet received a proposal. If it does, Williams will find the commission itself divided: one faction believes mergers would increase efficiency, another considers them anticompetitive...