Word: aluminum
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Dates: during 1970-1979
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...many talented Hindustanis had not left the country, the aid would not be needed quite so critically. Surinam is one of the world's leading exporters of bauxite, the ore from which aluminum is refined. Already determined reserves are more than 500 million tons, and untold additional tonnage is believed to exist beneath unexplored jungle. Surinam provides about one-fifth of U.S. bauxite needs. Meanwhile, the new nation has other markets and friends. Venezuela will soon give oil to Surinam in exchange for bauxite, and Brazil may build a highway through the jungle to gain another port...
Others disagree, and strongly, while still recognizing the scope and concentration of Big Oil. A score of companies control 93.5% of U.S. oil production: eight of those control 63.8%. (Other industries, notably autos, aluminum and cigarettes, are even more concentrated...
Philips-MCA has taken a different approach. Its aluminum-coated, plastic record, stamped from a master disc that has been etched by a laser beam, is covered with billions of microscopic pits. Variations in pit size encode the video and sound messages. For playback, a sharply focused beam from a low-power (one-thousandth of a watt) helium-neon laser scans the disc as it whirls around at 1,800 r.p.m. The laser beam flickers as it is reflected from the record's pocked surface, and the flickering is detected by a photosensitive cell, like that used in photographic...
...rebuilt), planning oversights (costly changes had to be made because spectators in 2,500 of the seats in the original layout would have been unable to see the four main scoreboards) and two dozen lawsuits aimed at stopping construction altogether. The windowless building, sheathed in gold, anodized aluminum, boasts 75,000 sq. yds. of carpeting and contains 9,000 tons of computerized air conditioning and heating equipment; its energy costs are estimated at $1,752,000 a year. Its AstroTurf surface is known fondly as Mardi Grass...
...course, not all industries shared in the improved second-quarter performance. Steel profits were down 26% from the first quarter, utilities 8%, and aluminum and other nonferrous metal producers 11%. Airlines flew in the red because of high jet-fuel costs and an un-economically low percentage of filled seats. Overall, though, the Citibank study painted a brighter second-quarter earnings picture than many experts had expected. Says Citibank Economist Robert Lewis: "The upturn in earnings is further proof that the economy has begun to bounce back...