Word: protectionism
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Dates: during 1970-1979
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After the U.S. embassy in Tehran was seized, Washington ordered its embassies throughout the world to review their security. The mission in the Pakistani capital of Islamabad finished its review with the observation that, in the words of an Administration official, "the embassy was totally dependent on the Pakistani government...
It will be harder to cover up similar scandals in the future: last week, as a result of the Blunt debate, the House scuttled a proposed Protection of Official Information Act, whose stringent security regulations would have made the expo sure of the art historian as a spy all but...
Pessimistic moneymen scarcely seemed to notice some surprisingly encouraging news: U.S. consumption of oil is sharply declining. With prices rising dramatically and the nation's economy slowing, people at last are conserving energy. Gasoline consumption in October was down almost 8% from year-earlier levels; diesel and home heating...
"The old friends of consumer protection such as Ted Kennedy, Birch Bayh and George McGovern are largely in hiding or otherwise engaged running for election.
Some of the FTC's recent actions, such as permitting lawyers to advertise despite the American Bar Association's restrictions and forbidding companies like Levi Strauss or Florsheim from setting minimum retail prices on their products, have benefited consumers. But the agency's excesses endanger its important...