Word: northeaster
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Dates: during 1970-1979
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...world--over $500 billion. But this pool is almost solely controlled by the bankers and brokers who send it to the Sunbelt and to Taiwan. Because pensions are basically propping up the stock market--because the Fortune 500 are using those assets to contribute to the decline of the Northeast more burdensome state taxes--the authors suggest that the system is forcing the workers to contribute to their own undoing...
Kirkpatric Sales' Power Shift three years ago outlined the conflict developing between the North and the South over capital investment--the runaway shop, the declining Northeast industrial corridor, the advantages for corporation investment in the Sunbelt such as room to expand, right to work laws, and limited unionization. Rifkin and Barber, taking the inevitable scenario for their base, analyze the reasons behind declining union membership, the anti-northeast corporate strategy and the failures of the business unionism to address these issue, and introduce a new factor--social capital in pension funds...
...great joy in Mudville when Pennsylvania Gov. Milton Shapp announced in August 1976 that Volkswagen would locate its first major U.S. assembly plant in his state. There was joy, first, because the VW decision bucked a trend of industrial exodus from pennsylvania and the whole Graybelt (the declining Northeast corridor), an exodus brought on by the antiquation of the area's facilities, physical constraints on expansion, the relatively high tax load and union wages. There was joy, second, because Pennsylvania had beaten out Ohio in the VW selection process...
...property was expropriated by the Neto government are seeking to return. At a temporary shelter on the outskirts of Lisbon, set up to house would-be returnees, Dulce Pereira da Silva, 54, last week was waiting for a flight to take her back to the village of Musulo in northeast Angola, where she once owned a general store. Says she: "My son, who is a mechanic, is already working and I've had letters and phone calls from the family and they say everything is all right there." Angelino José de Castro, 23, formerly a rural schoolteacher...
...early favorite was Gov. Cliff Finch, a rough-hewn country boy from Northeast Mississippi--a section of the United States that rivals Louisiana's Cajun Country as the most removed from life as we know it. A self-proclaimed reformed racist and unquestionably a political opportunist, Finch had managed to put together a coalition of small farmers and poor laborers, both black and white. He appealed to poor folks with vague platitudes about working together, hand in hand, for the betterment of all. His symbols were the lunchpail and bulldozer. But after two years in office, it became painfully obvious...