Word: elixir
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Dates: during 1980-1980
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Today the same people incarnate modern Arab lore emerging from the magic elixir of oil. The oil price boom in 1973 began barely two years after seven gulf emirates-Abu Dhabi, Dubai, Sharjah, Ajman, Umm al Qaiwain, Ras al Khaimah and Fujairah-set aside tribal quarrels to form a loose federation. The cornucopia of oil money has yielded perhaps the highest per capita income in the world for Emirates citizens (in excess of $100,000 a year) and created a cradle-to-grave welfare state. But the Emirates face the most serious population imbalance in the region: of a population...
...Nixon Agonistes, Garry Wills called Ike "a political genius." Nixon, for his part, recorded in his Six Crises that Eisenhower "was a far more complex and devious man than most people realized, and in the best sense of those words." (Those phrases may be the purest elixir of Nixon's thought that was ever bottled...
...Margaret Thatcher and the Conservatives into office last May may well be wondering just who is in charge at 10 Downing Street, Mrs. Thatcher or Nobel-prizewinning U.S. Economist Milton Friedman. Friedman's philosophy of monetarism-unflinching regulation of a nation's money supply as the golden elixir for economic health-flows through every line of the Thatcher government's budget for 1980. The proposed budget, which is virtually assured of passage, was presented last week to a grim session of the House of Commons by Chancellor of the Exchequer Sir Geoffrey Howe, and the reactions...