Word: bigs
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Dates: during 1980-1989
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...industry contracts, many big companies are getting out of the business. More than 60 defense operations have been put on the block in the past two months. Other firms are building up cash reserves against an uncertain future by paring back their defense ventures. Minneapolis-based Honeywell, the leading supplier of lightweight torpedoes to the U.S. Navy, has sold three military electronics and communications subsidiaries since last August, and is seeking to shed a fourth. In what has become a military garage sale, bargains aplenty can be found. David Smith, a senior vice president at the Raymond James & Associates brokerage...
...much protection do U.S. steel mills need from foreign competition? In answering that question last week, President Bush added to his reputation as the Great Compromiser. Instead of extending the soon-to-expire voluntary trade quotas another five years, as Big Steel wanted, or abolishing the restraints altogether, as the industry's customers desired, Bush split the difference. For the next 2 1/2 years, the U.S. will hold foreign imports to 18.4% of the domestic steel market. After 1992 the barrier will be dropped. In the meantime, Bush directed U.S. Trade Representative Carla Hills to try to negotiate...
...Big Steel argued for protection because it believed foreign plants were unfairly benefiting from subsidies. But the industry's customers complained that the restraints produce shortages and higher prices...
Gradually, though, she earned her colleagues' respect. For several months she labored in relative obscurity, doing legwork on stories that rarely made it on the air ("They called me queen of the stakeouts"). Her big chance came after the Three Mile Island nuclear accident. She broadcast live reports from the damaged reactor -- borrowing a producer's tennis shoes so she could stand atop the microwave truck in the rain without slipping off -- and got her first major exposure on the CBS Evening News. After a stint covering the 1980 presidential campaign, she was assigned to the State Department, where...
...criticism of Dukakis has been unfounded. Instead of really analyzing the state's problems--and putting them in the context of a regionwide downturn--the reaction has been centered on Dukakis, the man, and Dukakis, the perceived failure. The attacks are simply the result of his having been a big loser...