Word: cottons
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...Paris-based company is the personal property of Marcel Boussac, 89, an ostentatious millionaire entrepreneur who did so well in textiles after World War I that he became known as France's "Cotton King." In 1946, seeking to revive the war-tattered clothing market, he teamed with a young designer, Christian Dior, to found a fashion house. The next year Dior presented his first collection: the long, ample "new look" that established his reputation and set fashion trends for a decade. Under the management of Jacques Rouet, now 60, it flourished, even after the death of Dior...
...Occupational Safety and Health Administration insisted that textile plants install elaborate ventilation and dust-control systems to reduce cotton dust, which causes brown lung, an occupational asthma that afflicts from 2,300 (by industry estimate) to 35,000 (by OSHA estimate) of the nation's 233,000 cotton textile workers. But the Council on Wage and Price Stability calculated that the bill for the industry would be $625 million for new equipment plus $200 million in annual costs to meet the OSHA standards. Alarmed, Carter's inflation fighters, led by Chief Economic Adviser Charles Schultze, opposed OSHA...
...flourishing new industries. But the majority of LDCS have been knocked backward in the 1970s by a devastating one-two punch: oil price boosts that have raised the cost of running the most primitive factories and farm machines, and recession in the industrial world that has restricted markets for cotton, copper, cocoa, tin and other raw materials sold by less developed lands. In many countries of Asia and Africa, economic growth rates have dropped to around 2% a year - not enough to keep up with population expansion, which averages 2.6% for the LDCs. The poor countries have borrowed a staggering...
Formal aid would not be the only component of such a plan. One other step that the rich countries should take together is to lower the tariffs and scrap the quotas that keep many products of the LDCS-beef, sugar, cotton textiles, shoes -out of Northern markets. These rising barriers hurt precisely those LDCs, such as Argentina, Brazil, India and Mexico, that have the best chance of building sound economies based on a mix of industry and agriculture. The World Bank estimates that trade barriers cost LDCs $24 billion a year in lost exports of manufactured goods alone...
Regulation. Carter's Regulatory Analysis Review Group made its debut by persuading Labor Secretary Ray Marshall to put off new federal regulations against cotton dust in mills. Those regulations, proposed by the Occupational Safety and Health Administration, would have helped reduce lung disease among cotton-mill workers, but at an annual cost of $200 million...