Word: coaling
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...quickly today, in the form, as predicted, of a call for a general strike and apparently scattered street demonstrations. The general strike, in all probability, does not mean that workers will stay home tomorrow, observers said; rather, Solidarity plans a call for workers to seize their workplaces--factories, shipyards, coal mines--and barricade themselves inside...
...argued that Europe could meet its energy needs by increasing use of nuclear power, Norwegian gas and U.S. coal, but the Europeans maintained that such alternatives were not available. Opposition to nuclear energy is widespread in Europe; Norway has been slow to develop its natural-gas potential; and the U.S. does not have the capacity to ship enough coal to Europe...
...thousands in Europe's depressed engineering industries. In France, the newspaper Le Monde observed: "The American arguments would have carried more weight if the U.S. had adopted a more responsible attitude on energy pricing; if several years ago they had developed the means to export their abundant coal reserves; and if, finally, Mr. Reagan had not in the name of the sacrosanct laws of the market, compromised the financing of synthetic fuels on the grounds of profit...
...chemicals, 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...
...Consumer Price Index in September was still rising at a double-digit pace. But producer (wholesale) prices for "intermediate" goods such as textiles and steel showed no rise at all in October, the first time that had happened in six years. Prices for raw materials such as cotton and coal actually dropped a bit for the third straight month. Interest rates were sliding too: major banks last week cut the prime rate (on loans to their best business customers) by half a point, to 161%. That is five points below the peak last winter...