Word: westernism
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Dates: during 1970-1979
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...better for themselves. That, of course, is a direct affront to Keynesian doctrine. Beginning in the mid-1930s, Establishment pillars of the dismal science have propagated Keynes' captivating notion that governments could tame beastly economies, making them stand up and jump through hoops. His prescription succeeded in lifting Western countries out of the 1930s Depression that had been triggered by an almost complete collapse in demand both in the U.S. and in Europe. Keynes' idea was simple enough: if people were so fearful of the future that they simply would not spend, government would have to prime the pump...
...Nigeria's reborn democracy, if he can curb the excesses of his party followers, who finished strongly in races for the federal senate and state assemblies. But it might also spell disaster if he permits the country to fall back into the fractiousness of the past. Says a Western diplomat in Lagos: "A lot of people have their fingers crossed on this...
...open market" basis, the only items private hawkers sell are vegetables, spices and such miscellany as incense, pith helmets and plastic shoes. With monthly family incomes averaging $30 and prices up more than 600% above 1975 levels, few can afford anything beyond necessities. Just since 1978, observes one Western ambassador, "the standard of living has declined enormously...
...Wherever you put your foot in the mud that is now Morvi, you strike a body." So said Pankaj Zaveri, a survivor of the most disastrous accident ever to befall India. In the midafternoon of a torrentially rainy Saturday, the 197-ft.-high earthen Machhu dam in western India's Gujarat state suddenly burst open. The waters behind it boiled six miles down a river in the state's Saurashtra district and crashed into Morvi, a semi-industrial town of 75,000, known as "the Paris of Saurashtra" because of its many green parks and broad avenues...
Fourteen days and 13 plane trips later, they would pronounce their experiences "Çavaut le voyage"- It's worth the trip. Wearing Western string ties, tractor caps, Grand Canyon sweat shirts, Navajo necklaces and Mickey Mouse T shirts, they would flourish a Gallic gesture: thumbs...