Word: hammerism
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...times in the past six months, a grandfatherly, supremely confident executive has swooped into Moscow aboard his private Gulfstream jet for talks with the highest Soviet trade officials. This week Armand Hammer, the 74-year-old chairman of Los Angeles' Occidental Petroleum, is scheduled to fly there again, with bright hopes of finally signing a major East-West trade deal. It would be an arrangement for Occidental to ship up to 1,000,000 tons of fertilizer per year to the Soviet Union in exchange for urea and ammonia that the company would sell in the U.S. That, Hammer...
...Hammer succeeds, he will give a spectacular push to the movement toward greater trade between the U.S. and the Soviet Union. In particular, his version of a plan to import vast quantities of Siberian gas may eventually help relieve the American energy shortage. But a growing legion of skeptics among investment analysts and fellow businessmen will be astonished if Hammer can come back with any major agreement -and even more surprised if he can arrange the financing to carry out his part of a big deal. They note that Occidental, one of the growth wonders of the 1960s, already carries...
...Hammer's expeditions have been surrounded by the most extensive publicity to attend any talks between the Soviets and a U.S. businessman in years, no small amount of it generated by Hammer himself. In the West, he has given glowing descriptions of his negotiations; in Moscow, his aides have telephoned American newsmen with breathless accounts of his progress. His Soviet trips have won extremely rare recognition in Pravda and Izvestia, favorable editorials in the New York Times and the Washington Post, and a pair of red-white-and-blue enamel cuff links presented by President Nixon...
Though he had harsh words for Nixon's early handling of labor problems in the construction trades, Dunlop was picked by the President to head a tripartite panel formed by the Administration early in 1971 to hammer down the grossly inflationary settlements that then prevailed in the building industry. He cannily persuaded union leaders that by exercising restraint, they could win back power from increasingly militant local leaders-and win back jobs for union members, who had been losing them to lower-paid, unorganized workers. He has been frequently criticized for running a secret, autocratic outfit, but the results...
...came be reflected in the lives of all mankind." It carried the engraved signatures of all three astronauts as well as that of President Nixon. But before boarding the moonship for the last time, the astronauts could not resist one more bit of horseplay as Schmitt heaved a geological hammer "a million miles" in the slight lunar gravity...