Word: cementation
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Rigid central planning destroys local initiative and leads to costly waste. One concrete example: at least 30% of Poland's total cement production is "lost" through careless handling and theft. Trainloads of raw materials disappear for months at a time, often bringing factories to a standstill. Says a scornful party member: "The workers sit at their machines three days a week and play cards, because there is nothing for them...
...made that too expensive. Instead, they turned to banks for short-term loans that would not lock them into high rates for ten years or more. Industries that depend heavily on credit, particularly home building and auto sales, have been staggering. Lone Star Industries, the country's largest cement producer, last week took out full-page newspaper ads featuring a large skull and crossbones and the warning POISON...
...back in New York, where Steve attempts a few foul shots at his past life. There are some affecting moments in The Old Neighborhood, but ultimately this scenario-sized volume seems as out of place on paper as its hero is on an office carpet. For Steve, home is cement. The Old Neighborhood belongs on celluloid...
...Tremont theater is now an obstacle course of rods, wires, wood, and cement, as workers install newly upholstered orchestra seats and enclose the new stage house, which is partially open to Stuart...
...poor third-quarter company reports were centered primarily in some of America's oldest industries. Data Resources estimated that steel companies' earnings fell 96%. U.S. Steel profits were down 12.7%, and the company would have lost money except for the sale of $77.8 million worth of its cement division and some real estate. Bethlehem Steel lost $32.3 million in the third quarter, as contrasted with a $74.8 million profit during the same period a year ago. Chemical giant Du Pont reported an earnings decline of 61%. Since the housing industry had been especially hard hit by high interest...