Word: coal
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Beginning in the late 60's, the government and the energy industry began discussing ways to meet America's projected energy needs for industrial growth in generations to come. The plan, forwarded under the name Project Independence," called for large, centralized power plants which could use coal and uranium to produce electricity. This electricity could be fed into a grid system which would divide the nation into regions of varying size, depending on population and availability of space for the plant sites...
Managers who have found themselves embroiled in no-win squabbles with environmental and consumer groups might take some comfort in the problem facing the Blue Diamond Coal Co. of Knoxville, Tenn. It is being taken to court by, of all adversaries, an order of Roman Catholic nuns. Armed with 81 shares of Blue Diamond stock, the 750-member Sisters of Loretto, a teaching order based in Denver, last week joined twelve other parties in bringing a lawsuit against the company. The nuns' eventual aim, as one of them describes it: to urge the company toward greater "corporate responsibility...
Fleet Street cynics might say that Britain needs a new weekly newsmagazine like Newcastle needs more coal. The nation already has the respected Economist (circ. 66,000), regional editions of TIME (78,000) and Newsweek (40,000), as well as six London Sunday papers (combined circ. 18,300,000) that are sped overnight on Britain's excellent rail system to steepled hamlets from Dover to Dundee. Last week Sir James Goldsmith, 46, pugnacious publisher (France's weekly L'Express) and multimillionaire food tycoon, set out to prove the cynics wrong...
Carter next went to Steubenville, Ohio (pop. 30,771), a steel-and-coal town. The trip got off to an unpromising start when Democratic Senator Howard Metzenbaum, a Kennedy ally, did not show up. The state's other Democratic Senator, John Glenn, rode with the President through town but did not join him on the stage when he spoke. Asked if he was keeping his distance from the President. Glenn replied: "I'm neither keeping my distance nor getting close...
Even so, Carter was encouraged by the cheering crowds lined six and seven deep along the road; some people waved signs proclaiming JIMMY, NOT TEDDY. In the Steubenville high school auditorium. Carter shed his coat, mopped his perspiring face and promised that coal production would be tripled by 1995. The windfall-profits tax, he pledged, would amount to $88 billion in revenues, and $75 billion would be spent on coal...