Word: largest
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Dates: during 1970-1979
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OVER AT THE Sham Shui Po residential camp on Liechikok Road, James Reid has a problem. Ten thousand of them, in fact. Sham Shui Po is the largest of the eight compounds--row after row of what used to be white army barracks. But now they are filled with refugees, standing in the three foot aisles or lying on the army-issue 4-inch mattresses atop the rows of pink metal bunks. Reid's camp is full-up--ten acres for 10,000 people...
...sufficient heating oil on hand for the winter, an issue of special concern for New Englanders, and announced the creation of an office in Boston to coordinate the handling of emergency fuel oil shortages, should any arise. He also said that he had asked the nation's largest oil companies to freeze the price of home heating fuel and to extend credit to wholesalers and retailers. Two had agreed to comply, and he expected the other majors to go along as well. Carter tried to concentrate on energy, but his audience insisted on questioning him about Kennedy...
Already, just about every employ with a pension plan is having to pay soaring retirement costs. At Atlantic Richfield, the eighth largest U.S. oil company, the pension payout jumped from $60 million in 1976 to $80 million last year. The pension burden has become heaviest in the older capital-intensive industries such as steel, rubber and farm equipment, often because tough unions have increasingly asked for fringe benefits instead of simple wage hikes. Among other firms carrying particularly weighty pension loads are Uniroyal, Wheeling-Pittsburgh Steel and the Budd Co. A great many other firms have not taken care...
...little or no benefits. Now the pension protector is itself troubled. Twice the Pension Corporation has asked Congress to postpone putting into effect new provisions on multiemployer pension funds for fear that companies or unions would dump their programs and leave the Government to pick up the pieces. The largest net claim for a bankrupt firm to date was $35 million. In the unlikely event that Chrysler went into total bankruptcy and reneged on its pensions, the federal agency would have to put up perhaps $780 million. The Pension Corporation, whose assets total around $250 million, would be forced...
Imperial, which is Britain's sixth largest corporation, with earnings of $276.5 million on sales of $7.71 billion in the past fiscal year, first flourished in tobacco and now operates 5,500 pubs and 30 hotels. It has long been seeking a sizable U.S.beachhead. Buying one is relatively painless because the rising pound (it has climbed in value from $ 1.70 to $2.20 in the past two years) has cut the price of U.S. properties. Though Howard Johnson's management will stay on, the firm is expected to be more aggressive in marketing and expanding, notably on the tight...