Word: cements
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...been selling off his least profitable operations and building a nest egg that now amounts to $150 million. On the other hand, Thompson Ramo Wooldridge has the biggest industrial process-control operation in the U.S., supplies devices to such firms as U.S. Steel (to control oxygen furnaces) and Riverside Cement (to regulate cement blending). But TRW did not have capital enough to develop the business and make it profitable. With Martin putting up the cash and owning 90% of the new corporation, Bunker will be chairman and chief executive officer of the company; Dr. Simon Ramo, vice chairman...
...Marine have come in with overseas sales offices. On Grand Bahama, a $1,500,000 bunkering terminal pumps more than 1,000,000 bbl. of marine fuel a month into vessels from all over the world, while close by a subsidiary of U.S. Steel is building a $50 million cement plant. Even the cold war is pumping life into the sultry economy. The U.S. Air Force has four huge missile tracking bases in the Bahamas, plus more than 70 smaller stations dotted along the island chain. On Andros, the biggest Bahama of them all, the U.S. and Great Britain...
...proposals to curtail overtime will be one of the key issues that Walter Reuther's United Auto Workers will take up at the bargaining table this year. The steel industry's labor-management human relations committee is already grappling with the question, and the Rubber Workers, the Cement Masons, the Machinists and the Oil, Chemical and Atomic Workers are among the many other unions strongly opposed to any more than a bare amount of overtime...
...schedule overtime rather than train someone new, because experienced hands give them better work and save them the expense of added fringe benefits for a new employee. The industries with some of the heaviest overtime are autos, where workers spend 5.4 extra hours a week in the plant, cement (6.6 hr.), grain mill products (7.3 hr.), and paper (5.6 hr.). Thus, even with overtime, few workers work more than a 46-hour week...
...spearheaded his country's revolt against the French, gave it one of the Middle East's few stable regimes, but was forced to resign when opposition politicians charged (but could not prove) that his family was profiting from government deals in everything from cement to gold; of cancer; in Beirut...