Word: inc
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Dates: during 1980-1989
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Anthony Spinale, owner of G& T Terminal Packing, Inc., in New York City, was startled when armed agents from the U.S. Immigration and Naturalization Service (INS) burst through the door last Monday. "They came in like Jesse James, covering this door, covering that door," Spinale said. "I thought it was a holdup." The agents arrested 18 of Spinale's workers, who had been packing fruits and vegetables for grocery-store produce counters, and took them away. Reason: the INS thought they might be illegal aliens...
...last December. Week after week, in wave after wave, companies have been emptying warehouses, trimming stockpiles and cutting back on orders from suppliers. This was the major cause of the 3.9% drop in the gross national product during the first quarter. Says Otto Eckstein, chairman of the Data Resources Inc. economic forecasting firm: "The most significant factor behind the economic decline during the past three months has overwhelmingly been business's huge liquidation of inventories...
Both Ford and General Motors are experimenting with just-in-time production. At GM's truck assembly plant in West Carrollton, Ohio, Findlay Industries Inc., a local manufacturer of truck seats, makes daily deliveries of seats that are bolted into truck cabs within four hours of their arrival at the plant. The seats used to sit around in a plant warehouse for as long as two weeks waiting to be drawn from inventory and used. At GM's Linden, N.J., and Tarrytown, N.Y., assembly plants, similarly tight inventory management procedures are expected to save the company upwards...
...which will require a $20,000 deposit to open and a $45 annual fee, will have a money-market account run by Boston's Massachusetts Financial Services. At the same time, they will be able to buy and sell stocks, bonds and other securities through Bradford Broker Settlement Inc., a New York discount brokerage. Customers can also use their accounts to obtain margin loans for investments...
...million U.S. Pavilion suffers from similar mediocrity. It is a six-story structure, designed by Atlanta Architects Finch Alexander Barnes Rothschild & Paschal Inc., that vaguely resembles the Pompidou Center in Paris-with a fig leaf. Pompidou's daringly exposed ducts and pipes are coyly muted. This federal contribution houses energy exhibits. One possible post-fair use for the pavilion is as a University of Tennessee energy research center. But now that acute energy concerns are drowned in the oil glut, other uses also are under discussion...