Word: aluminum
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Dates: during 1980-1989
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...materials carried aloft by a new generation of craft considerably larger and more powerful than the NASA space shuttle. Looking like great Erector Sets, the structures, about six miles long and three miles wide, would be made of long thin beams actually manufactured in space out of rolls of aluminum or carbon-fiber strips about as thick as the wall of a beer can. In the weightlessness of orbit, nothing stronger would be needed...
...American businessmen complained that they were not the high-ranking bureaucrats they had expected. Sales made at the show were a small $21 million, and contracts for $3.8 million more were under negotiation at the close of the fair. Grumman International, for example, displayed buses, fire engines and light aluminum trucks, but it received no orders. Said Burt Stern, Grumman's senior vice president: "We found little overt interest in our products. We know it takes time, and we hope that some of the information we gave out will drift back into the right places. Maybe something will happen...
...industry still provided more than 70 per cent of all export earnings; in 1974, Jamaica produced 18 per cent of the world's bauxite; by 1976, its share had slipped to 12 per cent. Part of the blame for the decline falls on strikes and an explosion in an aluminum plant, but the heart of the problem lies in Manley's effort to increase the percentage of government revenue from bauxite exports. In so doing, the prime minister raised the price of Jamaica's bauxite far above world levels, and Australia and Guinea--the two largest producers--were more than...
DIED. Richard S. Reynolds Jr., 72, president and chairman, between 1948 and 1976, of the Reynolds Metals Co., the big (1979 revenues: $3.3 billion) aluminum maker founded by his father in 1928; of a heart attack; in Richmond. A grandnephew of the founder of the Reynolds tobacco colossus, Reynolds liked to say that "profits are to business what breathing is to life." He helped launch a Wall Street brokerage firm (now part of Dean Witter Reynolds Inc.) before moving to the aluminum company, which is still about 12% owned by the Reynolds family...
...about one-fifth of the country's gross national product. Autos create employment for almost one in five American workers. The industry uses 60% of the country's synthetic rubber, 50% of its malleable iron, 33% of its zinc, 25% of its steel and 17% of its aluminum. Motor vehicles also consume nearly 40% of the 6.7 billion bbl. of oil used in the U.S. every year...