Word: cements
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Mubarak pushed hard for the right to shift expenditures from the ambitious develop ments favored by Sadat, such as building cement factories, to small-scale construction, especially of housing. He also wants to change commodity imports from luxuries to staples...
Construction at the Harvard football stadium is delayed for several years when a worker eating lunch accidentally leans against one of the cement stanchions and topples the north face of the concrete edifice. "I'm awful glad no one brushed up against that during the Yale game," athletic director John P. Reardon says...
...nation of loss is indeed in poor shape. Government-subsidized industries-steel, cement, autos, shipbuilding, airlines-are losing money at the rate of $5 million a day, partly from inefficiency, partly from political pressures. The vast Montedison petrochemical complex, for example, could save an estimated $180 million annually by firing 9,000 redundant workers among its 114,000 employees. But union leaders will not agree, and politicians who made raccomandaziones for those workers in the first place do not want to get involved...
...manufacturing and engineering; and steelmaking now accounts for only 11% of total company operating income. U.S. Steel will pay for Marathon probably with the $3 billion in bank credit lines it has built up, and the $2.5 billion in cash on hand partly from the sale of coal and cement properties. U.S. Steel Chairman David M. Roderick insisted that the Marathon purchase would not "diminish U.S. Steel's commitment to steel operations...
...Most importantly, Wolfe asks why the "boxes" on which almost all modern work is based, continue to be built when no one likes them. Not the architects. Not the builders. And especially not the people who live or work in them. Yet the glass boxes, the brick piles, the cement monoliths rise relentlessly from our cities and towns...