Word: term
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Dates: during 1980-1980
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When Apollo Milton Obote, 56, was sworn in for a second term as President of Uganda last week, he gained an unusual opportunity for an African leader: a second chance to rule his country. It was Dictator Idi Amin Dada who had ousted him in a military coup nine years ago. The challenge facing Obote is immense. Uganda, once known as the "pearl of Africa "for its productive agriculture, fine schools and superbly equipped hospitals, is today a nation in ruins. Nairobi Bureau Chief Jack White reports...
...squeeze on credit was a major burden on business all year long. Companies began avoiding new debt financing through the long-term bond market because high rates made that too expensive. Instead, they turned to banks for short-term loans that would not lock them into high rates for ten years or more. Industries that depend heavily on credit, particularly home building and auto sales, have been staggering. Lone Star Industries, the country's largest cement producer, last week took out full-page newspaper ads featuring a large skull and crossbones and the warning POISON...
...advocate of less Government regulation of the private sector of the economy . A major focus of his research has been on the American Social Security system. He contends that the Government's retirement program has transferred vital investment capital into current consumption and thus hindered the long-term development of the economy...
...calling him Carter, almost always with a hard edge of distaste. Indeed, the entire history of this Administration may be read in the evolution from "Jimmy" to "Carter," one name, in a sense, being the polar opposite of the other. The first law of nicknaming, then, is that the term must arise from the heart, from some irrepressible popular urge to bring a public figure closer to the family bosom. Britain's Margaret Thatcher was aided immeasurably in her campaign by being known as Maggie; "Ted" Heath and "Sunny Jim" Callaghan were similarly embraced. So was Rhodesia...
...relationship with the press has shifted just as sharply. Giscard is considered a sure bet to win a second seven-year term in the presidential election next spring. Yet a relatively minor scandal has prompted the President to launch a war against journalists. They have responded with angry resistance, but the artillery at Giscard's command is formidable. The three French television channels and the national radio network are all state run. The government appoints their directors, who appoint their news editors, who make sure that little is broadcast that might displease Giscard. Lately the President has taken...