Word: alcoa
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Manley finally rammed through the Jamaican Parliament a set of new taxes and royalties calculated to raise Jamaica's revenues from bauxite to $200 million this year, eight times as much as in 1973. Though the companies are paying, they protest: Alcoa, Kaiser Aluminum and Reynolds Metals have announced their intention to take their case to the International Center for Settlement of Investment Disputes, a branch of the World Bank, for observation on the ground that the new taxes violate a lawful contract...
Guild-Like Family. He was a fastidious inheritor who left no heirs, and this seems to have been as true in the sense of family as that of cultural choice. The Guggenheim's retrospective opens with a separate exhibition - also funded by a grant from the Alcoa and Pro Helvetia Foundations - entitled Three Swiss Painters. This is the first detailed look the U.S. public has had at the work of Giacometti's family circle of gifted painters, who surrounded him with protective confidence. They are his godfather Cuno Amiet (1868-1961), his cousin Augusto Giacometti...
More than one American entrepreneur has befriended the Greek military regime, and industrialists reap large profits at the expense of Greek laborers. Multi-national corporations, including Exxon, Coca-Cola (both represented by Pappas), Dow Chemical and Alcoa, are exempt from a variety of taxes and duties. This is specified in the Greek constitution. Trade unions have been scrapped or stripped of power by the government, in order to maintain the low wages that attract foreign monopolists. Such economic tactics have driven about 250,000 workers to seek jobs in West Germany...
...burn 30 to 40 tons of its own waste wood daily. Dow Chemical Corp. has cut steam consumption in half at one of its plants, partly by installing a more efficient heat-transfer process. The investment of $44,000 was offset within a year through lower energy bills. Alcoa has developed a new smelting process that is expected to cut by 30% the amount of electricity needed to produce a pound of aluminum. Since the aluminum industry is one of the most voracious users of power, the process may prove especially valuable...
...military bends over backwards to attract foreign investment with tax exemptions and guarantees. For example, Alcan (Canadian subsidiary of Alcoa) got favorable terms for mining Amazonian bauxite deposits, being allowed to raise more than 80 per cent of its working capital in Brazil without taking a Brazilian partner...