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Meantime, low-cost foreign-made steel has kept flooding into the U.S. market, eroding sales for U.S. producers and further tightening the industry's cash squeeze. Last autumn U.S. steelmakers won concessions from European producers, who agreed to limit exports to the U.S. to about 5.5% through 1985. But analysts warn that a slowdown in European exports is more than likely to be offset by rising imports from market-hungry producers elsewhere...

Author: /time Magazine | Title: Big Steel's Winter of Woes | 1/24/1983 | See Source »

Some of the buyers are speculators but the majority are middle-class Israelis who cannot afford housing in Jerusalem or Tel Aviv. Because the Israeli government is backing the program all the way, providing low-cost land to developers and low-interest mortgages and loans to buyers, the cost of the new houses and apartments is extremely low. Buyers at the West Bank development of Nofim are paying $90,000 for villas that could cost $250,000 in Israeli cities, but many of the houses and apartments being built are even cheaper than that. Mazal and Moshe Levi...

Author: /time Magazine | Title: Middle East: Israel's Great Land Rush | 1/17/1983 | See Source »

...under its aggressive new chief, John R. Opel, 57, IBM has launched itself in a new direction by marketing a small, low-cost personal computer. The creamy white PC (for personal computer), introduced in August 1981, has set a standard of excellence for the industry...

Author: /time Magazine | Title: Other Maestros of the Micro | 1/3/1983 | See Source »

...neighborhood. Companies renting space there were given managerial and technical advice. Area residents, many of whom had never held a full-time job, got free training in the skills they needed and day-care help for working mothers. Additional incentives for new businesses were provided by parking, security and low-cost clerical services for some firms...

Author: /time Magazine | Title: Creating Jobs | 1/3/1983 | See Source »

...poised to begin the long climb back. The decline in mortgage rates from 17% in March to less than 14% has triggered a sharp rebound in housing. The number of new homes started in November rose 27% from October's pace. Car sales are also up, buoyed by low-cost financing deals being offered by the automakers. In the first ten days of December, 13% more American-made autos were sold than during the same period a year...

Author: /time Magazine | Title: The Elusive Recovery | 12/27/1982 | See Source »

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