Word: inland
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Dates: during 1960-1969
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...attack began with a few rounds on the city of Suez itself. Then, with extraordinary accuracy, the Israelis zeroed in on the $30 million Nasr (Victory) Oil Co. refinery two miles inland, and the equally important Suez Oil Processing Co. another mile behind. Apparently operating from blueprints, they lobbed shell after shell into the two major plants, hitting their oil storage tanks, pipeline complexes and coking and cracking units with every incoming shell. U.N. truce supervisors immediately appealed for a ceasefire, but the Israelis ignored them. A second appeal was referred to Jerusalem, where the government pleaded ''technical...
Bristling at his reputation as a steel-industry maverick, Joseph L. Block recently protested that "we just do what everybody else does, but we try to do it better." When Block, 65, steps down this week as chairman of Inland Steel Co., most people will admit that he has done pretty well. The nation's seventh biggest steelmaker, Inland has consistently outperformed its larger rivals in such key areas as return on invested capital, and proved itself equal to withstanding economic recessions...
...only major steel producer based in Chicago, Inland has long capitalized on the lucrative Midwest steel market. With all its production concentrated at its huge Indiana Harbor complex in nearby East Chicago, the company sells 70% of its output within a 200-mile radius. In recent years, however, other major steelmakers have rapidly expanded their Chicago-area operations-and Inland has lately been feeling the pinch...
Striking Addition. Suffering with the rest of the industry, Inland last week reported that earnings through the year's first nine months had dropped 29% from 1966 levels. Among other things depressing profits is the cost of Inland's ambitious modernization, including its first basic-oxygen furnace shop and a new computer-controlled hot-strip mill. His eyes turned toward the future, Joe Block has logged $250 million in capital expenditures over the past two years, huge outlays for a company with an annual sales level of about $1 billion...
...dead in its wake. In India, where the whirling warm-water storms are called "cyclones," 11,000 Bengalis perished in a 1942 assault. Last week, as Hurricane Beulah-the third most powerful blow ever to hit Texas-slammed into the populous Rio Grande Valley and coursed its crushing way inland, only ten deaths were reported-one of them a 15-year-old girl surfer swept from her board while braving Beulah's mountainous waves...