Word: programing
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Dates: during 1980-1989
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Mercifully, the emphasis has been on saving the good old buildings of the downtown's surrounding neighborhoods rather than destroying them. Baltimore's homesteading program, the nation's most ambitious, has preserved scores of blocks of dilapidated but essentially sound and potentially elegant 19th century red-brick row houses?something of a city trademark. For a $1 purchase price per house and the promise of "sweat equity," private citizens are restoring such historic neighborhoods as Ridgeley's Delight, Otterbein, Barre Circle, Stirling Street, Durham Street and Washington Hill. There is a similar program of "shopsteading," whereby businessmen are encouraged...
...small island he owns on the Miles River. But Rouse is not about to retire to his watery fastness. In April he announced a new venture, the Enterprise Development Corp., owned by a nonprofit organization, the Enterprise Foundation. The most ambitious Enterprise enterprise to date is a $13.5 million program to spruce up Norfolk's dreary waterfront. The project, about half the size of Harborplace, will employ much the same concept and include four or five restaurants, up to 20 other eating establishments and as many as 50 stores. Rouse estimates that the development will attract up to 6 million...
...billed at the time as a bold stroke to free Canada's $40 billion oil and gas industry from foreign domination. In fact, seldom has a single governmental action more thoroughly disrupted a country's economy than has the National Energy Program put forth last October by the government of Canadian Prime Minister Pierre Trudeau...
Though the program's various tax and subsidy provisions were intended to encourage giant foreign multinationals like Shell, Exxon and Mobil to sell at least some of their Canadian operations to local companies, the effect has been to aggravate a host of economic difficulties. Inflation has surged to an annual rate of 13%, the Canadian dollar has slumped to 800 in American currency, its lowest point in 50 years, and investment capital has been fleeing Canada...
Trudeau had hoped that his National Energy Program would tip the economic balance away from the provinces by sharply raising federal taxes on existing oil and gas production. Some of the resulting revenues would then be used by the federal government to help finance generous tax breaks for Canadian-controlled energy companies so that they could explore for oil on federally owned frontier lands such as the Northwest Territories and the Yukon. The plan would put foreign companies operating in those regions at a severe disadvantage, but it would help shore up a sense of Canadian national identity throughout...