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...most immediate question facing Taiwan last week was the future of its booming economy; the island's annual trade of $24 billion ranks it among he world's top 20. Many large American corporations, including Ford, RCA and Goodyear, announced that they would continue their investments, but not everyone was reassured. Said Robert Parker, president of Taiwan's American Chamber of Commerce: "There's no use pretending that normalization on the terms we got won't hurt. It will." Still, Taipei was partially reassured by Washington's statement that more than 50 accords between...

Author: /time Magazine | Title: Man Of The Year: The Other China Stands Fast | 1/1/1979 | See Source »

Rubber. Contracts between 70,000 members of the United Rubber, Cork, Linoleum and Plastic Workers of America and the four major tire companies-Firestone, BF Goodrich, Goodyear and Uniroyal-expire in April. The militant union has conducted eight major strikes since 1960; the last, in 1976, dragged on for 141 days. Another next year is likely. Still, the union's demands focus on job security rather than wages, and the cost of the settlement could be partly offset by changes in work rules...

Author: /time Magazine | Title: Business: 1979's Bargaining Calendar | 1/1/1979 | See Source »

Some 350 American companies have invested a total of $1.5 billion in South Africa, and they are the chief purveyors of its modern technology and consumer goods. Ford, South Africa's biggest automaker (1977 sales: 42,874 vehicles), and GM together account for 26% of the automotive market. Goodyear, General and Firestone dominate tire sales; Exxon, Mobil and Caltex are leaders at the fuel pumps. Kellogg's cereals are found on 40% of South Africa's breakfast tables, and Otis elevators convey riders in two of every five office buildings. IBM enjoys a near monopoly in data...

Author: /time Magazine | Title: Business: America's South African Dilemma | 9/18/1978 | See Source »

...firms, notably IBM, have long had equal-pay-for-equal-work policies, many more companies have lately been moving to redress a particular grievance of blacks: a system of bonuses that traditionally allowed whites to earn about three or four times as much as blacks in similar jobs. Goodyear undertook a two-year effort to eliminate bonuses and revise its entire pay and job classification structure on the basis of aptitude tests. Result: wages of blacks and coloreds generally went up (some by as much as 100%), while some whites took pay cuts...

Author: /time Magazine | Title: Business: America's South African Dilemma | 9/18/1978 | See Source »

...Safety Administration to investigate. The agency surveyed 87,000 owners of new cars, asking if they had complaints about tires. In all, 2,226 owners of Firestone tires returned questionnaires, and 46% reported problems. By contrast, the complaint rate for other brands of steel-belted radials was: Goodrich 33%, Goodyear 32%, Uniroyal 32%, General Tire 26% and Michelin less than...

Author: /time Magazine | Title: Business: Uneasy Riders | 5/29/1978 | See Source »

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