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...permanent recovery." Yet he couldn't abandon the money chase. "Put all your eggs into one basket," Carnegie once advised, "and then watch that basket." For him that basket brimmed with steel. Fiercely competitive, obsessed with innovation and efficiency--he would unhesitatingly scrap a relatively new plant to erect a more modern one--Carnegie imported the Bessemer forced-air steel process to America. Such innovation permitted him to reduce the price of rails--the product that initially drove the industry--from $160 a ton in 1875 to $17 by 1900. His steel furnished the sinews of America's burgeoning towns...

Author: /time Magazine | Title: Blessed Barons | 12/7/1998 | See Source »

...help as well: the Federal Government contributed $25.5 million, while the state of Minnesota gave $5.1 million. Total cost of the sewage plant: $34 million. The city also built new roads and water lines to the plant, built a parking lot and came up with $1 million to help erect a hog-slaughtering building...

Author: /time Magazine | Title: Corporate Welfare: The Empire Of The Pigs | 11/30/1998 | See Source »

...Eximbank projects in China, India and Venezuela; and research contracts with the Department of Energy. Louisiana has excused the company from paying nearly $2 million annually in real estate taxes. Kansas came up with a package of incentives valued between $11 million and $14 million to persuade Allied to erect a headquarters building for one of its subsidiaries in Olathe. The Indiana city of Franklin lopped 78% off the company's personal-property tax bill over five years...

Author: /time Magazine | Title: Corporate Welfare: Fantasy Islands | 11/16/1998 | See Source »

...hiring new employees. They supply funds to train workers or pay part of their wages while they are in training, and provide scientific and engineering assistance to solve workplace technical problems. They repave existing roads and build new ones. They lend money at bargain-basement interest rates to erect plants or buy equipment. They excuse corporations from paying sales and property taxes and relieve them from taxes on investment income...

Author: /time Magazine | Title: Corporate Welfare: Corporate Welfare | 11/9/1998 | See Source »

...plan, which would erect new buildings on the current site of the University Information Services (UIS) building and Coolidge Hall and connect them with tunnels underneath Cambridge Street, was presented by Henry N. Cobb '47. Cobb's firm, Pei Cobb Freed & Partners, is handling the design of the project...

Author: By Jason M. Goins, CRIMSON STAFF WRITER | Title: Cantabrigians Support New Knafel Proposal | 10/30/1998 | See Source »

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