Word: nationalizes
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Dates: during 1970-1979
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...fairly constant, but when the need arises, we create a new one. In 1973, when the Arabs put an embargo on oil, TIME added a section called Energy, which monitored the fuel shortage, assessed its impact on the economy and explored long-range solutions. When it seemed that the nation was beginning to develop a policy to cope with the problem, the section was phased out, although our readers were kept abreast of every development in other departments, including Nation, Economy & Business and Environment. This week, in the face of the country's recurring fuel crisis, we are reviving...
...resurrected Energy section will be researched and written by the Business staff, but will also draw on the expertise of Nation, Science and other departments. "We hope not only to describe, but to recommend," says Church. For example, in this issue TIME'S Board of Economists offers suggestions for a national energy policy-two months before President Carter's promised deadline for his program...
...usual" and the "pleasant tourist island" say it all. As in most of Greene, corruption is taken for granted. Greene rises above indignation to complacency. Once a man, or a nation, has supped with the devil, he seems to say, it only takes a lapse of will to become his regular drinking partner...
...Minister of Education Min Kwan-sik, in a speech at a Korean high school in Tokyo, praised "the laudable patriotic sentiments of the large number of South Korean kisaeng and nightclub hostesses who have come to Japan and are working day and night selling their cunts for the nation." (Ampo: Japan-Asia Quarterly Review, Tokyo, April-Sept. 1976, p.9). (The vulgarism is at least as shocking in Korea or Japan as here...
...what Korea sells most of all is cheap labor, paid the second lowest wages in East Asia. In 1975, 81.9 per cent of the workers earned under $62 per month. The official figure for the cost of living for a family of 5 is $85 per month (Korean National Tax Bureau). There are no unions, so strikes, no enforcement of environmental regulations or workers' health and safety provisions. South Korea is consequently highly attractive to foreign traders and corporations. In 1974 its foreign trade accounted for 74 per cent of its GNP; whereas for even so great a trading nation...