Word: standardization
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Dates: during 1970-1979
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...down in history as the generation which not only understood what needed to be done but had the strength, the self-discipline and the resolve to see it through." The crowd interrupted a number of times with applause and ended with a standing ovation. By any standard, Maggie Thatcher's debut in the U.S. was a socko performance...
...Movies are binary," George Lucas, who directed Star Wars, once said. "They either work or they don't." He meant that even if some elements fall below standard, that may not affect our overall feeling for a picture if something about it grabs hold of our consciousness. Lucas comes to mind because so much of the Disney studio's The Black Hole-an overpowering score, squads of menacing heavies and, especially, two adorable robots-are straight Star Wars steals, and because, despite all this sincere flattery and a script and performances that are merely adequate, the fool thing...
...Amoco's $44,500 manager of field training in the Atlanta office, says that he was "paymaster" for a group of executives who regularly dipped into an often replenished $400,000 "training fund" that was nominally under his control. The huge pot was never audited by Amoco or Standard of Indiana accountants, or revealed to the company's out side auditors. Anderson claims to have dispensed about $1 million from 1972 to 1977 for as many as 50 of the company's southeastern regional executives...
...Maryland said NBC deserved the "Benedict Arnold award for journalism." NBC Washington Correspondent Ford Rowan accused his employer of "irresponsible journalism" and resigned in protest. The Wall Street Journal and the Christian Science Monitor questioned NBC's news judgment. CBS and ABC up braided NBC for violating a standard TV news canon against awarding terrorists an unedited platform for their views. "That is a right we don't even give the President of the United States," insisted CBS News President Bill Leonard. Said ABC News President Roone Arledge: "It was not television's proudest moment...
...following OPEC'S maneuverings in Caracas this week more closely than the executives of a highly secretive oil Goliath that many people have never heard of. The Arabian American Oil Co., or Aramco, is the Delaware-based firm that is jointly owned by Exxon, Mobil, Texaco and Standard Oil Co. of California. Under a geographic concession nearly as large as the state of Oklahoma, Aramco pumps almost all the oil that flows from the Croesus-rich fields of Saudi Arabia. But in Riyadh and Washington alike, Aramco is now feeling heat...