Word: vitale
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Dates: during 1970-1979
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...There was a marked erosion in the wealth, might and cohesiveness of North America, Europe and Japan. In the developing world, 40 or more countries with few natural resources fell increasingly into destitution and dependency. Meanwhile, a handful of resource-rich nations gravely compounded the problems and challenged the vital interests of the rest of the world by skillfully wielding a most potent weapon: the power...
...that Rome is fiddling while the world burns; the Vatican still clings tenaciously to its medieval "canonization" process, whatever that term means today. Relics, miracles wrought in the name of the person considered for sainthood, etc., ad infinitum, all seem embarrassingly anachronistic. When will the Vatican face up to vital issues threatening the Roman communion? Why does Pope Paul carefully avoid issues like celibacy for diocesan clergy and ordination of women to the priesthood...
...Money. Again, they are no more immune than the rest of the country. I am sure faculty wives are just as vociferous about the weekly trip to Sage's as the ladies are in Southie, if somewhat more genteel. Beyond this there are such vital matters as pensions, grants, foundation support, taxes, and the cost of sending children to school...
COOPERATING ON OIL. During a meeting in Martinique, Ford and French President Valéry Giscard d'Estaing reached an agreement that should end a debilitating, year-long sparring match between Washington and Paris over a vital matter: how to deal with the OPEC (Organization of Petroleum Exporting Countries) cartel responsible for the fourfold rise in oil prices that has so shaken the industrial economies. The U.S. has maintained that the consuming countries must form a united front to deal effectively with the OPEC cartel. Unhappy with this implied strategy of confrontation, the French have urged tripartite negotiations...
...important than a decision by Britain to remain. Giscard received approval for a majority vote on most Community decisions. Until now, each country has been able to exercise veto power on even the most trivial matters; in the future, it will have the veto only on issues affecting its vital interests...