Word: wave
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Dates: during 1970-1979
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...Riding a wave of patriotism, the President becomes the front runner
...balance, the American people had judged Carter to be inept. So inept, indeed, that Senator Edward M. Kennedy, before announcing his candidacy last month, held a 2-to-l lead over Carter as the choice for the Democratic presidential nomination. All that has now changed. Riding a wave of patriotic fervor and a degree of unanimity unseen in this country since the Cuban missile crisis of 1962, Jimmy Carter has suddenly become, according to the latest polls, the solid choice to be renominated and re-elected to a second term in the White House...
...Islamic revolution in Iran has sent out shock waves of confusion and distress throughout the monarchies of the Middle East. A state of jitters prevails in the Arabian peninsula, whose petroleum exports are vital to the security of the U.S. and its allies. The rulers of Saudi Arabia, the largest oil exporter of all, are reported to be frightened; a new set of security regulations is in force throughout the country. The governments of the tiny states of the Persian Gulf are also worried, about both their Shi'ite and Palestinian populations and about the wave of Islamic fundamentalism...
...what, exactly, does it mean? On the most obvious level, it means what everyone knows: that money is losing value. But it also means that we are in the grip of a wave similar to what, in 17th century Holland, was known as the Tulip Mania. The tulip was then a comparatively new import from the Near East, and mutant specimens, with irregular stripes, were prized as rarities-so prized that men would mortgage their villas and their fields. The tulips had little intrinsic value. Their worth as commodities was a function of pure, irrational desire, and their economic fate...
Hours earlier, the Parliament of Zimbabwe Rhodesia had met for the last time to rescind former Prime Minister Ian Smith's 1965 Unilateral Declaration of Independence and return the colony to British sovereignty under its former name of Southern Rhodesia. The Union Jack will not wave over Salisbury for long: after next spring's elections, the Queen's proconsul will hand over power to the new leaders of an independent Zimbabwe...