Word: ores
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Dates: during 1970-1979
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...State Department came up with a compromise in 1970. Then Under Secretary of State Elliot Richardson proposed that all coastal nations be allowed to extend control of offshore waters to a depth of 650 ft. Seaward from that point, they might develop undersea oil or ore reserves, but only as "trustees" for a so-called seabed authority representing the international community, which would reap up to 50% of the profits from deep-sea exploitation...
...more outspoken opponents of the centers was Rep. Edith Green (D-Ore.), a frequent contributor to last year's eleven-hour debate on the bill in the House of Representatives. "When we pass a bill to provide legal aid for the poor," she asked her fellow representatives, "does it mean that we should also finance, using millions of dollars, research centers aimed solely at changing social policy? The Harvard research center actually had attorneys, who were paid with OEO funds, doing the research which led to their joining as co-sponsors with the NAACP in the Detroit segregation case... Meanwhile...
...same way Congress is, the country would be shut down," says Colorado's freshman Representative. A Democrat, she is the first woman to be sent to Congress from her state. A former law instructor and attorney for the National Labor Relations Board Schroeder is a Portland, Ore., native, graduated Phi Beta Kappa in three years from the University of Minnesota and earned a Harvard doctorate. In her re-election campaign she is emphasizing the need for congressional reform, improved mass transit and better child-care facilities...
...Manley's power play is only an attempt to redress a neocolonialist relationship. Between 1949 and the mid-1960s, five American corporations and one Canadian firm bought 225,000 acres of bauxite-rich land, or 13% of the island's total land area, mostly from private owners. Ore exports from the mines reached 7.4 million tons in 1973, and taxes and royalties on the shipments that year brought in $25 million, roughly 40% of Jamaica's foreign currency. But under the complicated tax system, the Jamaican take on each ton shipped dropped from...
Cheap Credit. Recently, Ex-Im granted a $469 million credit package to finance an $80 million trade center in Moscow and plants to make chemicals, iron-ore pellets and fertilizers, to be built with assistance and hardware from U.S. companies. By 1978, Ex-Im loans to the Soviets could total $1.4 billion. Senator Stevenson charges that the credits are going to a nation that does not really need the help. "Soviet gross national product," he points out, "is second only...