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...since 1975 and in some months this year have captured 20% of the U.S. market. Combined with lackluster domestic demand, that foreign invasion has caused shutdowns of old mills, forcing more than 60,000 workers out of jobs in the past year. Steel executives, union men and a new caucus of Congressmen from steel-producing areas have brought heavy pressure on the Carter Administration to do something. The President's first response was to invite steelmen to file complaints against the "dumping" of foreign metal-that is, selling it below cost. The trouble is that though dumping violates both...

Author: /time Magazine | Title: Business: How to Help Slumping Steel | 12/5/1977 | See Source »

Still, the declawed bill is backed by the congressional Black Caucus and myriad civil rights and women's organizations as well as Big Labor, all of which expect it to pass next year. For all its blandness, however, the measure is likely to run into stiff opposition from the increasingly powerful congressional business lobby. The U.S. Chamber of Commerce's chief economist, Jack Carlson, has already asserted that the 4% goal could not be reached without boosting inflation to an annual rate of 10% or more...

Author: /time Magazine | Title: Business: Unemployment Goal? | 11/28/1977 | See Source »

This call, echoed by U.S. groups such as the NAACP and the Congressional Black Caucus, becomes even more urgent in light of South Africa's latest efforts to insure that U.S. corporations continue to provide support for the apartheid regime: last Friday, the South African government invoked powers that enable it to order U.S. owned plants in South Africa to provide strategic materials for the regime, or alternately face the seizure of their goods...

Author: NO WRITER ATTRIBUTED | Title: Change Investment Policy | 11/19/1977 | See Source »

Although both the President and his Cabinet put in a lot of gas mileage in their nationwide speechmaking, all their energy actually was directed toward influencing critical events back in Washington. There, amid the chandeliered splendor of the Senate Caucus Room, an unwieldy 43-member conference committee of Senators and Congressmen met for the first time last week. Their challenge was to reconcile the vast differences between energy legislation passed by the House, which gave Carter almost everything, and by the Senate, which has not yet completed its work but seems bent on giving Carter almost nothing but the back...

Author: /time Magazine | Title: The Nation: Launching the Energy Blitz | 10/31/1977 | See Source »

Allin's speech, apparently designed to calm the dissidents, served to inflame supporters of women's rights. "Many of my people are discouraged and despondent." reported Bishop Robert Rusack of Los Angeles. A caucus of women activists in New York and New Jersey, including the wife of Newark's assistant bishop, sent a telegram urging the acceptance of Allin's resignation offer. Perhaps mindful that opponents are ready to walk out and women are not, the bishops took a tolerant view of the dissidents. They passed a freedom-of-conscience clause specifying that no one should...

Author: /time Magazine | Title: Religion: A Case of Woman Trouble | 10/17/1977 | See Source »

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