Word: nationalizes
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Dates: during 1970-1979
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...nearly $1 billion in unfunded pension obligations that it would leave be hind could exhaust the private-pension rescue fund that the Government maintains. Before long, the combined pressures of inflation and the changing U.S. demographics will force the problem of supporting the retired into the forefront of the nation's social concerns...
...ailing Chrysler Corp. has been using $400 rebates and the pitching of Joe Garagiola to whittle down its huge inventory of unsold cars for a month now, but the firm's most important marketing drive is just beginning. Late last week the nation's No. 3 automaker submitted to Treasury Secretary G. William Miller a 27-page recovery plan with 90 pages of exhibits that laid bare inside details on profitability and marketing strategy of a kind that no automaker had ever before revealed. Said one Chrysler official: "We are really taking our pants off on this...
...buttress the pitch for Government aid, the report features a somewhat lurid accounting of what would happen if the company went bankrupt. The total cost to the nation, Chrysler says, would be $16 billion. Some 400,000 workers could not only lose their jobs, but they could also remain unemployed long enough to require unemployment benefits totaling $1.5 billion. As many as 35,000 workers, most of whom are black, could be laid off in Detroit alone. Yet these estimates seem exaggerated, because it is highly unlikely that the company would ever shut down totally. At worst some plants would...
...typical junkie but by Dr.William Thomas of Long Beach, Calif. Like the priest, banker, teacher and housewife who told similar tales at a Senate health subcommittee hearing, the doctor was not addicted to heroin. He and the others were hooked on so-called minor tranquilizers, particularly Valium, the nation's bestselling prescription drug...
Their problem is shared by untold numbers of Americans. According to Dr. Joseph Pursch, who has treated such notables as Betty Ford and Senator Herman Talmadge for addiction at the Long Beach Naval Regional Medical Center, overuse of tranquilizers ranks second only to alcoholism as the nation's major health problem. Says Subcommittee Chairman Edward Kennedy: "These drugs have produced a nightmare of dependence...