Word: nationalizations
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Dates: during 1970-1970
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...large extent (especially military) but she receives the bulk of her support from Africa. By stealing the resources of these countries, maintaining political control over them and preventing any semblance of freedom to exist in the lives of the people, Portugal has kept some respect as a European nation. With the onset of the liberation struggles in these countries she felt threatened. Her control over them is beginning to diminish and she is trying desperately to fight history by reinstating her power of complete domination. These struggles by the freedom-loving peoples of Africa to gain control of their...
...possessing diamonds, gold, and iron-ore. This wealth makes Guinea one of the richest lands in Africa and lends to the possibility that Guinea will be one of the most powerful of the African countries. With Pan-Africanism as a political base, Guinea is seen as a dangerous nation to Portuguese interests in Guinea-Bissau. Further implications of the attack upon Guinea are that Portugal eventually seeks to control Guinea as well as Guinea-Bissau because both states are exceptionally wealthy and that as a politically correct and politically advancing state, Guinea will make a dangerous neighbor if Portugal could...
...Conference, comprised of 4000 delegates, began Sunday night, and lasts until next Monday. President Nixon opened the gathering with a speech Sunday night, urging passage of his Family Assistance Plan. He said that it was "the most important piece of social legislation in our nation's history" for children...
...April 1969, when the Administration was just setting out to fight inflation, the consumer price index was rising at an alarming rate of 7.2% a year. As a result of purposeful policies of slowdown since then, the nation's factories have been forced to pare production 5½%, and stock and bond markets have shuddered through their worst crisis in three decades. The jobless rate, which was 3.5% then, jumped last week to 5.8% as the November figures were issued?the highest monthly level since 1963. All together, 4,600,000 Americans are out of work, and 21% of the people...
...demand higher wages and to make employers pale at the thought of the markets they will lose if they raise prices. In the U.S. the degree of economic slack required is proving considerably larger than anyone had expected. Prices continue to rise even though almost a fourth of the nation's factory capacity is idle...