Word: actions
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Dates: during 1970-1979
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While Washington may have given Chrysler a reprieve and preserved jobs for its 137,000 employees in an election year, the action may be a dangerous example for a system in which the right to fail is as enshrined as the right to succeed. Moreover, if Chrysler cannot make a U-turn and start generating the profits needed to pay back its loans, the U.S. taxpayer could get stuck with a portion of the $1.5 billion tab. Assessing the action of his colleagues, Senator Barry Goldwater, the Arizona Republican who is a leading advocate of keeping government...
With OPEC in disarray and vulnerable, bold action by oil-importing nations to cut their dependence on foreign petroleum cannot be easily countered by cartel members. Operating through OPEC, their monopolistic, price-propping has placed an enormous and continuing burden on oil consumers everywhere. Economist Otto Eckstein, president of Data Resources Inc., estimates that OPEC'S policies have been bloating the world's oil bill by $40 billion to $60 billion a year. Says he: "We need that cartel like we need a tourniquet around our necks. Any form of free competition is going to lead...
...White House has been mulling over new initiatives that would cut imports without the need for congressional action. Proponents and opponents of various measures can agree on one key point: the U.S. has rarely had a better opportunity, or more need, to take energy action. Year after year, that action has been impeded by debate over which groups in the population, which regions of the country, should make the largest economic and environmental sacrifices. After Caracas, it was clear that unless the U.S. accepts some compromises that will cut its consumption of precious petroleum, the OPEC cartel will simply regroup...
...words were backed by the kind of action that is rapidly becoming the hallmark of Britain's fighting lady. During a two-hour morning session with Carter in the Oval Office, Thatcher pledged to support the U.S. if Washington asked the United Nations Security Council to impose economic sanctions against Iran. "You would expect nothing less and you will receive nothing less but our full support," the Prime Minister told reporters. Carter and his aides were visibly delighted. At one point Carter said, "I want the American people to get to know you as I have come to know...
...grasped the bar. He swung around once, twice, building speed and momentum for a spread-legged somersault over the bar, reaching in mid-air to grab the bar again before swinging into a perfect handstand. For a moment, he was frozen, balanced perfectly upside down. Then he flipped into action again, knifing his inverted body through a double "German" giant swing, arching his back into another handstand, twirling, spinning. Finally, tucking his knees into his chest, Thomas whipped into his dismount: a double somersault with a half-twist on each revolution. If he faltered on landing, took one steadying step...