Word: milles
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...penance, the Chinese agreed to pay some $40 million in compensation to Mitsubishi Heavy Industries for the cancellation of a $420 million hot-rolling steel mill that was to form part of a second phase at Baoshan. Peking also belatedly agreed to import and pay for all of the petrochemical equipment and technology that it had originally signed for with Japanese and West German firms, a commitment that could total as much as $1.5 billion. Industrial development in the People's Republic still faces serious obstacles. Not only must the country be able to train the millions of skilled...
...goes, promising to make sense of the past few decades of American architectural taste with a short book, published this month, titled From Bauhaus to Our House (Farrar, Straus & Giroux, 143 pages, $10.95). Wolfe has talent as a stirrer, but his text bears out John Stuart Mill's remark that "the second-rate superior minds of a cultivated age .. . are usually in exaggerated opposition against its spirit...
Kuwait has justly earned a reputation for being the savviest investor among the world's oil rich. The Persian Gulf sheikdom of 1.4 million people has aggressively bought everything from a West German steel mill to a South Carolina resort community. Last week Kuwait struck its biggest, and potentially most controversial, deal yet: a $2.5 billion takeover of the Santa Fe International Corp., of Alhambra, Calif., a leading oil-drilling contractor (1980 revenues: $1.2 billion...
...cracked the case by first amassing evidence against bribe-paying contractors. Two of the contractors-Lumber Mill Owner Dorothy Griffin and Building Materials Salesman Guy Moore-were persuaded to help investigators catch fellow suppliers and the recipients of their largesse. Scores of transactions-conducted in pickup trucks and county maintenance barns-were tape-recorded. Moore claims that in 28 years of business, he arranged, on the average, more than one bribe every working...
...subjective and therefore unpredictable. One policeman will thrive in an assignment that may turn another into an alcoholic. In 1971 a Wall Street Journal survey found that the most physically draining and mentally numbing jobs were working at a foundry furnace, selling subway tokens, lifting lids on a steel-mill oven, and removing hair and fat from hog carcasses. Yet one worker took both pride and pleasure in the fact that he could clean a hog carcass in 45 seconds. Incidentally, it is also worth mentioning that being unemployed is a lot more stressful than an unsatisfying job, a fact...