Word: mid-1970s
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...meeting with Japanese Prime Minister Noboru Takeshita, Bush refrained from discussing in detail such key topics as trade and sharing the defense burden. In China, where Bush stopped Saturday and Sunday, his visit mostly renewed friendships dating back to his residence there as U.S. envoy in the mid-1970s. The entire basis of the relationship between the U.S. and China, which was founded on mutual distrust of the Soviet Union, is changing as Gorbachev prepares to visit Beijing in May for a summit with Deng Xiaoping. Yet there was no indication that Bush spelled out American rethinking of where...
...long ago, the U.S. steel industry was floundering in its worst recession since the 1930s. One reason: since the mid-1970s, global demand for steel has stagnated at about 475 million tons a year, but mills have been producing an average 700 million tons annually. The huge oversupply sent prices and profits into a tailspin. In the U.S. the years of reckoning were 1982 through 1986, when losses amounted to $12 billion...
...former computer operator and onetime Marxist who moved to the far right in the mid-1970s, LaRouche has been living in luxury on an estate near Leesburg, Va., where heavily armed guards watch for would-be assassins. His followers set up tables in airports to solicit contributions and sell books and magazines whose extreme views are disguised by innocuous titles like Executive Intelligence Review. Believing that LaRouche's goals justified his means, others borrowed millions from supporters, knowing the money would never be returned. Judge Bryan refused to grant LaRouche bail pending appeal, and dispatched him to an Alexandria jail...
...trainee for Chicago's Harris Trust, she soon learned that "all the women were required to type and the men were not." Recalls another former Harris employee, Fran Hurwitz, who worked 15 years as a clerk: "Harris was your basic boys' club." Both women left the bank during the mid-1970s, but last week they got a measure of satisfaction when Harris settled a twelve-year-old Government suit charging the bank with race and sex discrimination...
...prescience and boldness in leading the Seibu stores to the forefront of Japanese retailing. The increasingly astute businessman predicted that young, affluent Japanese would spend more than their parents and guessed that they would prefer high-priced, stylish goods. Seiji's rise has not been totally smooth. In the mid-1970s Yoshiaki rescued his half brother from ruin when the Seibu Kanko Kaihatsu company, a leisure, real estate and tourism group, incurred debts of $550 million. The terms of the rescue were never disclosed, and it is not known whether the help was appreciated or resented...