Word: belled
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Dates: during 1970-1979
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...Jocelyn Bell Burnell, who as an astronomy student at Cambridge University in 1967 noticed the precisely timed signals from what were later identified as pulsars...
Today, at 250 locations in and near major cities, the green Holiday Inn marquee and the yellow McDonald's arches have company: the red steeple housing a black plastic nonringing bell, the symbol of Alabama-based Kinder-Care Learning Centers, Inc. By offering a service that is safe, uniform and reasonably priced, it has become the largest network of places where parents can deposit offspring for a few liberating hours...
...layoff of thousands of steelworkers. But antitrust officials objected that even the marriage of two money losers. LTV's Jones & Laughlin and Lykes' Youngstown Sheet and Tube, would reduce steel competition. In the end, it came down to a very close personal decision by Attorney General Griffin Bell. Last week, overruling his staff, he approved the deal by which LTV (sales last year: $4.7 billion) will acquire Lykes for about $200 million in stock...
...seventh (Jones & Laughlin) and eighth (Youngstown) largest steelmakers into what will become the third or fourth biggest clearly hinged on Lykes' doomsday prediction. That prophecy could have proved self-fulfilling, because customers, suppliers and creditors all began to abandon the company for fear it would collapse. Bell rejected his own in-house advice that Lykes could be saved and competition maintained by selling assets to raise cash. The weakness of the company, he said, "led me to conclude that Lykes faced a grave probability of a business failure in the near future...
...Bell's announcement brought mixed reactions from the 15,000 workers remaining at various Youngstown Sheet and Tube plants in the U.S. While older men expressed deep relief that their pensions would not be washed out by bankruptcy, some younger workers were bitter that the Justice Department failed to attach conditions protecting existing jobs. This was discussed during the negotiation with the companies, but, said a Justice Department official, such conditions "would have got us into an area beyond our role...