Word: coal
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Near Pikeville, a small coal center along the Big Sandy, people endured the rain and the resulting flood. Then a fire, touched off by leaking gasoline, destroyed the town library, a telephone-company building and a house. Finally, it snowed. In aptly named Hazard, Ky., Charlie Hammonds, a gas-station operator, managed to take calamity in stride. His reason: "This is the 26th time I've been flooded since I came here in 1957." At Jack's Union 76 Service Station near Sneedville, Tenn. (pop. 1,000). Owner Jack Stapleton even found cause for cheer, though the Clinch...
...middle of this now," Glenn tells the President, "and I think it's very important." Carter notes that the U.S. can limit its reliance on nuclear power-and thus cut back the production of reprocessed nuclear fuel that can be used for bombs-because it has adequate coal and oil reserves. Other nations, notably West Germany and Japan, are not so fortunate, he says. Then he gives the Senators some news: "We're going to take a unilateral step to end reprocessing, and we'll call on other nations to do the same...
...Coal--Science Center...
...with jet aircraft engines and high-rise elevators? Last week United Technologies Corp., the Hartford, Conn., aerospace conglomerate, ventured half a billion dollars to find out. The company declared its intention to buy up a11 12.6 million shares of Babcock & Wilcox Co., a leading New York-based manufacturer of coal-and nuclear-powered generators, for $42 a share in cash. The acquisition would unite two companies whose revenues last year totaled almost $7 billion...
...successful in high-technology fields and not dependent on Government business. B & W is that and more. The company already holds 35% of the market in utility boilers and is in a good position to get more. Two-thirds of the boilers that it makes are fired by coal, and the Carter Administration's energy program, to be announced April 20, is expected to contain provisions enabling the Government to order many factories and power plants to convert from natural gas to coal as a fuel (TIME cover, April 4). Even by simple arithmetic, B & W is an attractive...