Word: nationalizes
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Dates: during 1970-1979
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...Egypt are the oldest "nation state" in history. As such, we enjoy the benefits of the deep roots of values and beliefs that kept us through the difficult ups and downs of history. We emerged into the modern world with a deep sense of identity and with an accumulation of human beliefs and experiences that are helping us to face the process of rapid modernization. We have to achieve in days what you achieved in years, because many centuries have passed while we were suffering from retardation, stagnation and foreign domination...
...National averages are held down by lower costs in the nation's warmer areas, and conceal what aghast homeowners in places hit hardest by the Big Freeze discover when they open their latest statement from the local utility. Frank Joseph, editor of a Washington oil trade journal, saw his January bill more than double, to $161. Chicagoan Louisa McPharlin shelled out $328 for oil heating and had to forgo other expenditures, "like decorating the house." Roger Young, a 31-year-old New York City securities analyst, got a $320 January bill from Consolidated Edison for his six-bedroom Westchester...
...firms holding the leases expressed dismay. Shell Oil charged that the delay "further jeopardizes the economic security of the nation." What happens next is unclear. The Interior Department can either appeal the ruling, possibly rewrite the impact statement, or call the deal off and return the money to the companies. Whatever it does, last week's decision is certain to delay production in the Atlantic for at least several years...
...blame for the world's soaring petroleum prices? The vast majority of consumers and experts alike would readily answer: OPEC. During the past four years, the eleven-nation Organization of Petroleum Exporting Countries has more than quintupled oil prices, raising the present tag to about $13 a barrel...
...National Weather Service last week made it official. After consulting informal temperature records kept by such oldtimers as Thomas Jefferson, Henry Thoreau and Noah Webster, the service announced that January in the eastern two-thirds of the country was the coldest month in 177 years. If temperatures through March run only moderately below normal, said the weathermen, the nation will have a true Bicentennial winter: the most shivery since the founding of the Republic...