Word: term
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Dates: during 1970-1979
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...years later, midway through the first Carter term, I'm back to see how the place is changed. From the mobbed television scenes of presidential trips back, I anticipate the worst. And the last few miles of the drive are ominous (you fly to Albany, drive 40 miles north). My favorite American road sign is gone now -the darkly mysterious "Dot's Topless Oyster Bar"-but a mange of new signs has broken out, for gift shops, campgrounds, ice-cold Billy beer (all the remains of that sunken venture have drifted hither). Just beyond the agricultural experiment station...
...Pope's strategy for countering liberation theology was to take the term and broaden its definition. In his sermon, he spoke of "integral liberation" of the Latin American "seen in his entirety," an apparent indication that in his view, liberation theology has emphasized political and economic needs to the neglect of man's spiritual aspects. He added that the church should show "preferential yet not exclusive love for the poor...
DIED. Nelson A. Rockefeller, 70, millionaire, art collector and four-term Governor of New York who failed three times to win the Republican nomination for President but finally, in 1974, was appointed to the second spot; of a heart attack; in Manhattan (see NATION...
...support of R. and D. programs sharply with the end of the Viet Nam War and the de-emphasis of the space program; private universities have been in a financial squeeze; industry in an inflationary era has judged the payoff from R. and D. spending to be too long term and uncertain. The toll on productivity is hard to calculate, since it would have to be measured in inventions not made and labor-saving processes not developed, but it surely has been high...
...prices. Even a small scarcity in such a valuable commodity can produce large jumps in cost, and that is exactly what is now happening on the so-called spot market. There, oil companies bid for any available crude that is not already committed to customers under long-term contracts. Though the quoted long-term OPEC price currently stands at about $13 per bbl., spot-market oil last week was trading for as much as $17 per bbl. Warns Energy Economist John Lichtblau of the Petroleum Industry Research Foundation: "The OPEC countries are free to adjust their prices if they want...