Word: european
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Dates: during 1960-1969
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Third Power. The theory is anything but trivial. All of Western Europe, says Servan-Schreiber, 43, is being taken over by American industry, which is better organized, more computerized and far more imaginative than anything the Europeans, including France, can produce. Already, the Americans control 50% of European transistor production, 80% of computer production and large percentages of the Continent's heavy industry and oil. In France, U.S. firms produce 65% of agricultural products and telecommunication equipment, 45% of synthetic rubber. Unless Europe wakes up soon, says Servan-Schreiber, "the third industrial power in the world in 15 years...
...make road signs still more easily recognizable, the committee also recommended greater use of uniform symbols, such as the European-style no-entry sign with a white horizontal bar on a red circle. After California installed such signs-which were lettered DO NOT ENTER-on its freeway exits two years ago, the number of fatalities caused by drivers heading up the down ramps was cut in half...
...also urged the world's businessmen to nudge their governments toward six other reforms: 1) a multinational investment guarantee system within the World Bank to ensure against what he called "nonbusiness" (political) risks, 2) an international legal code to protect private property from expropriation, 3) development of the European capital market, 4) more closely meshed national patent systems, 5) broader approaches to antitrust problems and 6) a freer flow of technology. "We have created the illusion of multinationalism without the reality, the shadow without the substance," he argued. "To borrow from Cassius, the fault is not with the concept...
...contrast to Harvard and many other teams that rely on European and African students, Stevenson gets his boys from Long Island, with a handful from New Jersey and New England. This supplies him with players receptive to his equally aggressive coaching technique. The end result of this process is a strong. Well-conditioned team that is continually as rough, as hustling, and as anxious to win as any in the East...
...influx of U.S. companies has been tapering off since last year, when American Cyanamid discovered it was simpler to raise money through a Delaware holding company, which does not have to withhold tax if 80% of its business is done outside the U.S. But European firms are more than taking up the slack. Germany's AEG, Thyssen, Siemens and Hoechst, for example, have moved in to escape the 25% withholding tax at home on interest paid to foreign holders of German bonds. The roster has grown to 32 companies, almost all in the big leagues...