Word: nationalizes
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Dates: during 1970-1979
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Despite the many and persistent theories about the homogenization of America, the remarkable fact is that virtually every community and region in the nation remains convinced of its own distinctiveness and proud of what it considers its superiority in one respect or another. In short, local chauvinism is alive and well and residing-where else?-in every best damn state/city/town/county/region in the good...
...nation miffed by this breathtaking insult to its capital? No, because the larger truth is that self-admiring localism is as American as pumpkin pie. The U.S. got stitched together out of a sprawling fuss of self-contained colonies whose fierce attachment to their little domains provided one of the knottiest obstacles to union. Later, ferocious regionalism helped contrive the nation's definitive crisis, the Civil War. After poking around in every cranny of modern America, Journalist John Gunther concluded a generation ago that for all its dazzling communications the U.S. was "enormously provincial...
...little harm to anyone but himself in complaining that Washington was an "island," but it might have been useful if he had remembered that the country is nothing but a miraculous jell of metaphysical islands. Now and then, at inaugurations and wars and such, they act like a single nation. But, day in and out, home for a great many Americans is not only where you hang your hat and scratch where it itches, but the only place on earth worth living in. - Frank Trippett
Questions about whether a quick federal fix is right-and will be enough The Carter Administration decided last week that now was the time to come to the aid of the nation's most beleaguered major company. After weeks of rising pressure for a federal fix for the multiplying problems of Chrysler Corp., Treasury Secretary G. William Miller produced-and Jimmy Carter approved -a Government bailout. It was designed to prevent the nation's No. 3 automaker (1978 sales: $13.6 billion) from sliding into a bankruptcy that could have put many thousands out of work and sent...
Supporters of aid argue with passion that the U.S. cannot afford the failure of a company that is the nation's tenth largest manufacturer, its biggest builder of military tanks and one of only three major domestic competitors in its supremely important automotive industry. A Congressional Budget Office study concluded last week that a complete Chrysler shutdown would cost 360,000 workers their jobs immediately, and that ripple effects throughout the economy could throw an equal number out of work...