Word: fasted
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Dates: during 1970-1979
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...Carolinas, which have long been major textile centers, are also attracting diverse foreign firms. West German companies, led by Hoechst, the chemical giant, have more invested in South Carolina than anywhere else outside of Germany itself. Tennessee's Nashville, along with its multimillion-dollar country-music industry, is fast becoming a mecca for financial services...
...South's business elite has been composed of people who made fortunes developing the region's natural resources: land, textiles, lumber, oil. They formed a closed clique that exercised great financial and political power. Today all that is changing. New business opportunities are cropping up as fast as, well, peanuts. There is a high demand for enterprise with a Southern accent, and to fill it, a brash new breed of entrepreneurs. Profiles of four...
RESTLESS RAY. As Ray Banner sees it, there are two reasons for his success: he started with nothing, and he is short. A thin, brown-haired version of Mickey Rooney, he could not do much about his stature (5 ft. 6 in.). But at 51, Banner has parlayed fast-food franchises into a personal fortune of $25 million. From his headquarters in Nashville, Tenn., he runs 231 Shoney's Big Boy outlets in eleven states. He also owns the 19 Kentucky Fried Chicken franchises for central Kentucky and is starting new chains of his own. Most promising: Captain...
...Time is our competitor," he tells employees. They must serve food fast -or else the customer eats free. A stickler for cleanliness, Banner also has been known to startle (and please) customers by publicly apologizing for any slovenliness that he finds in his eateries. Now, as state liquor laws are relaxed, he plans to build more restaurants (he already has five) that serve cocktails and-surprisingly, at least for him-leisurely meals...
...higher revenues. Texas actually increased its manufacturing work force, as factories turned out drilling equipment and supplies to assist the worldwide search for oil. The state's unemployment rate is now less than 6%, v almost 8% for the U.S. And Texas' industrial capacity is growing fast. Three major refineries and a score of chemical plants were built last year; a fourth refinery and five more chemical factories are going...