Word: coal
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Dates: during 1970-1979
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...promptly hailed Bethlehem's action as a "major breakthrough" and an example of "good corporate citizenship," its effect on inflation is likely to be largely symbolic. For one thing, the projected 3% increase comes on top of an April increase of 1.1% to offset the cost of the coal-strike settlement, and an earlier, 5.5% rise in February. Even if the company abides by its pledge, its 1978 price increases will still total more than the industry's 8.5% average in both 1976 and 1977. Meanwhile, the nation's three other largest steelmakers-U.S. Steel, Republic...
...output of their workers in 1977. As a whole, the rate of rise in productivity in the manufacturing sector slowed markedly last year to only 2.2%, vs. 6.8% in 1976. The biggest drops were in clay-working (down 7.4%), grain-milling (7.1%) and footwear (4.3%) industries. Productivity in the coal industry fell...
...nationalist leaders on the way to furthering his business interests. It paid off: Lonrho's holdings now include an estimated 1 million acres of Rhodesian land and substantial concessions, sugar and tea plantations in Malawi, textile mills in the Ivory Coast, newspapers, copper mines and breweries in Zambia, coal, platinum and copper mines in South Africa, and the continent's largest auto dealership (selling, in addition to Mercedes, Ford and Toyota cars). The company has diversified far beyond Africa, employing 100,000 people in 600 subsidiaries in 43 countries...
...there was an impressive array of energy projects. One seventh-grade student, Chris Bonagura, 13, built a working model of a solar-heated home. He was Inspired when he became cold one night on an environmental field trip. Says he: "I thought about heating and solar energy?no wasted coal or oil or garbage like that, you know. It's just the sun." At Dwight Morrow High School in Englewood, N.J., Mike McGlue, head of the science department, helped set up an energy program. Says he: "We talk about students' homes?insulation, where the house should be placed, what number...
...created a vast industrial empire, and earned a seven-year war-crimes sentence for making P.O.W.s do forced labor for Hitler. Flick Senior bounced back after serving only three years of his sentence. Released in 1950, he was ordered by the Allies to sell his rich holdings in either coal or steel. He chose coal and collected more than $50 million, which he used to build an even more prosperous empire based on petrochemicals, paper, steel-and Daimler-Benz stock. Today the Flick Group is a $4-billion-a-year conglomerate of some 100 companies that make products as diverse...