Word: largest
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Dates: during 1980-1989
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...September, International Harvester, the city's second-largest employer, decided to reduce production drastically, scuttling 1,500 jobs over the next year. But the loss was a "cloud with a silver lining of great depth," insists Mayor Winfield Moses, who helped launch a spirited campaign to diversify the city's economy, save and expand existing businesses and lure new industry. Moses created the city's first economic development department. Taking advantage of publicity about the flood, the department has begun inviting companies to locate in "the city that saved itself." Bids are soon...
Despite its best efforts at morale building, the city is hurting. For years the nation's second-largest automobile assembly center, St. Louis was devastated by the slump that hit the car industry in 1979. Unemployment is at 11%. A General Motors plant in the city, which once manufactured everything from pickup trucks to Corvettes and provided jobs for 10,000, now employs only 1,400. Chrysler Corp. closed its truck plant in nearby Fenton, throwing 4,300 people onto the street. There are some signs, however, that St. Louis may have more to cheer about next year than...
City fathers regard their current problems as a temporary setback and are banking on Wichita's diversified aircraft industry to ignite a new takeoff. Beech Aircraft, Cessna and Gates Learjet serve the general aviation market, while production at Boeing, the city's largest employer, is 55% defense related. Boeing and Beech reportedly plan to hire 8,000 more employees over the next few years. Unlike many other Midwest cities, Wichita may need no major economic retooling. Says Jerry Mallot, a Chamber of Commerce official: "Much of our industry is in the high-tech area...
Built by a consortium led by Henry Ford II, Ren Cen consists of a 73-story hotel and four 39-story office buildings. Since it opened in 1977, the center has lost $140 million, prompting the Detroit Free Press to call it "perhaps the country's largest white elephant." Ren Cen first fell behind on its mortgage in 1980, but managed to renegotiate its payment schedule. Nonetheless, as unemployment in Detroit surged, the center remained in the red. Some 40% of its space for retail stores is empty; 95% of its office area is occupied, but only at deeply...
...networks are not necessarily hostile to Reagan. Rather, they are motivated by competition for the largest possible audience and thus face a self-imposed pressure to give their stories emotional impact. The Institute for Applied Economics, a business advocacy group based in New York City, reviewed 491 hours of network news aired between July 1981 and June 1982. It found that "stories selected to inform the public on the nature of Reaganomics were typically human interest interviews with victims of recession," and cited 37 examples...