Word: states
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Dates: during 1970-1979
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Secretary Vance, flying back from a visit to Ecuador, got a cable informing him of Young's explanation. Naturally believing his ambassador and relieved at hearing that this had been only a chance encounter, rather than a violation of the U.S. pledge on the P.L.O., Vance authorized State Department Spokesman Tom Reston to release Young's explanation. He did so Monday noon...
...State Department briefing, Young declared that he "didn't have much to offer in the way of advice" about what the U.S. should do in the Middle East; but he questioned the wisdom of the rigidity of U.S.-P.L.O. contacts. At one time, he said, we all thought "that the P.L.O. would go away. They have not gone away. They seemingly have increased in their political influence and potential economic strength. And I don't think it's in anybody's interest to ignore those kinds of forces...
...France, Premier Raymond Barre is scrapping much of the policy, which dates back to Louis XIV, that the government should determine the amount of investment and fix prices. Controls on goods from bread to books, from steel to cars, have been freed. State-owned companies, which control more than 25% of France's economy, have been instructed to operate as if they were private enterprises by relying less on subsidies and making a determined effort to turn a profit...
...Britain, Margaret Thatcher's Tory government was swept into Office in May on a tide of popular fury at the dismal results of Labor rule and is now rapidly unwinding much of the high-tax, nationalized welfare state. Income tax rates have been reduced from a top of 83%, to 60%; a third of Britain's nationalized North Sea oil industry has been put up for private sale; and the government now has plans to sell off its shares of other state industries, including British Airways...
...happens, Nigeria will have come full circle to the democratic system it inherited when it won independence from Britain in 1960. Since then, the country has had a shaky coalition regime, a short-lived parliamentary republic, three coups, a bloody civil war and the assassination of a head of state. Nigeria has simultaneously been afflicted by social and economic strains that have grown along with its wealth, which comes from its copious reserves of easily refinable "sweet" light crude oil. Largely because thousands of peasants have deserted their farms to seek bloated wages in booming Lagos, the country must...