Word: flows
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Dates: during 1970-1979
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...companies turn a profit. His model: West Germany's free-enterprise-oriented economy. Barre's government has already dismantled an archaic system of price controls that contributed to inflation because it eliminated incentives to lower prices in a competitive market. Now the Premier wants to curb the flow of public funds into deficit-ridden industries, and he has urged managers to streamline their operations by laying off workers if necessary...
...policy is probably typical of the industry, maybe a little milder than some. We're a fairly big company so we don't have the cash-flow problems a smaller company might have," Slifka said...
...Bulk Flow...
...winter navigation is practical. The folks in the steel industry, led by U.S. Steel, believe it is. Giant ore boats now cost $50 million to build, and the industry wants to use them all year for a better return on its money. Year-round navigation also provides a steadier flow of taconite to steel furnaces, eliminating the need for the old, pre-winter stockpiling of ore in Gary and other mill towns. An established, year-round flow would mean that U.S. Steel could permanently cut back on the size of its 26-ship Great Lakes fleet...
West German and British manufacturers profess to be unconcerned, but Giuliano Lonardi, worldwide marketing director for Fiat, recognizes the challenge. In his view, U.S. firms not only have the billions needed for mass-producing a world car, but through their suppliers they can turn out a tremendous flow of parts in many countries. Says he: "This enormous access to components is the greatest strength of American efficiency in production." Japan's Takashi Ishihara, president of Nissan Motor, speaks as if the American challenge is a war. Says he: "We find ourselves on the eve of intense international competition with...